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Oil: announces its desire to develop and modernize oil and gas fields, the old with the participation of "friends" specialists (PFP)

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dealerdean


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Confirmed the Iraqi Oil Ministry, on Wednesday, that aging oil and gas fields that "exceeded the reconstruction of each (90) years," causing frequent problems facing workers in the fields, declared that "it is time to develop their fields with the participation of friends and professional partners".

The agent said the oil ministry for liquidation and gas industry Fayyad good grace in an interview (range Press), on the sidelines of a conference of oil and gas the second, which was held in the ministry building in Baghdad, "We discussed with a number of researchers and specialists from the companies concerned how to develop oil and gas fields to the extent possible adequately utilized without problems, "noting that" this will only be done with the participation of true friends and partners of specialists in the field of advanced research on oil and gas fields. "

He said the grace that "oil and gas fields exceeded the reconstruction of some of them (90) years caused by recurrent problems facing the workers."

The Iraqi Prime Minister Nuri al-Maliki announced, on (October 10, 2013), signed an investment contract with a Swiss company to establish a refinery in Missan oil at a total cost of six billion dollars, as he emphasized that the production capacity of the refinery will amount to 150 thousand barrels per day, indicated the Swiss company that This project will be the "first fruits" work for other projects in Iraq in various fields.

Iraq needs investments worth $ 15-20 billion in investments to create four new refineries and the expansion of the energy sector.

Iraq relies in financial موازناته so almost entirely on oil and by up to more than 90%, where the Iraqi government announced the budget in 2013 budget amounted to 138 trillion dinars, which adopted the exports increased by 2.9 million barrels at a rate of $ 90 per barrel

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