Report

rss

Iraq News

Kurdistan

Economy

World

All News

Russian giant expects stability in Iraq and resume development of an oil field

Category: Economy

Date: 2020-02-11T12:53:01+0000
Russian giant expects stability in Iraq and resume development of an oil field

Shafaq News / The Russian "Gazprom Oil" expects the stability of the political situation in Iraq and the resumption of a tender for the development of al- Mansuriyya field in Iraq.

According to the company’s statement that it conducted a preliminary feasibility study, as a result of which it confirmed its participation in the tender and stated in the company’s statement: “We are still interested in the project to develop al- Mansuriyah gas field. Based on the initial technical and economic evaluation of the field, we consider our participation in the tender to develop al- Mansuriyah gas field as ready.”

The statement added "We expect the stability of the political situation in Iraq and the resumption of the tender by the Ministry of Oil to develop al-Mansuriyah gas field."

Last June, "Gazprom Oil" expressed its desire to expand its business to develop Iraqi oil fields.

"The company is already developing Badra oil field and also studying the possibility of participating in the development of al- Mansuriya gas field near the Iranian border," the company's chairman ,Alexander Dikov said at the annual meeting.

It is noteworthy that the field is currently being developed by TAPO companies by 37.5 %, the Petroleum Exploration Company by 25 %, KOGAS by 22.5 % and PETRONAS by 15 %.

related

Iraq is the largest oil exporter to India

Date: 2020-02-05 09:27:34
Iraq is the largest oil exporter to India

Iraq cuts Basra crude exports to meet OPEC cuts

Date: 2020-06-16 10:52:20
Iraq cuts Basra crude exports to meet OPEC cuts

Iraq reassures, oil production and export are not affected by Corona virus

Date: 2020-02-27 12:10:01
Iraq reassures, oil production and export are not affected by Corona virus

More than 6 billion and a half billion dollars is Iraq's oil revenues in a month

Date: 2019-11-25 08:51:08
More than 6 billion and a half billion dollars is Iraq's oil revenues in a month

Huge imports of oil derivatives not being recorded in the budget: Iraq

Date: 2020-06-07 12:30:55
Huge imports of oil derivatives not being recorded in the budget: Iraq

The Iraqi negotiating team for "OPEC" accused of working with foreign parties

Date: 2020-05-02 13:28:19
The Iraqi negotiating team for "OPEC" accused of working with foreign parties

Basra begins drilling the first well in Majnoon field

Date: 2020-05-24 09:27:13
Basra begins drilling the first well in Majnoon field

Current oil prices sufficient to cover employee’s salaries: Iraq

Date: 2020-06-11 15:00:16
Current oil prices sufficient to cover employee’s salaries: Iraq