Tuesday, 17 March, 2015
Baghdad(IraqiNews.com)- Lukoil Overseas Russian company declared that its production of oil has increased 2-4 times according to the results 2014 in addition to the production of oilfield, west of Al-Qarna/2 in Al-Basrah Province.
The statement by the company, received by IraqiNews.com cited “The productions of the company, 2014 were presented during the meeting with the budget committee in the company and the results show that the production volume of Hydrocarbon arrived at 112 barrels of oil equivalent which is a new number in the history of the company.”
It added that ”9.6 million tons of oil and 6.8 billion cubic meters of natural gas were produced, therefore, the whole production of the company of oil has increased from 4.4% to 10% in comparison to 2013 and of Hydrocarbon from 9.5% to 13.3.”
“The inauguration of oilfield, west of Al-Qarna/2 and starting investment in this oilfield because of oil export are considered as the most important events in 2014 where 30 million barrels of oil were loaded and the averages of production in the oilfield were 11 million tons of oil according to the results in 2014, including 6.1 million tons to the company, crossing the planed level to 6%,” the statement continued.
The statement assured “the huge projects of gas in Uzbekistan are being carried out, the compressed air station in Huzak was worked which increased the production of gas to 20%, the huge project of early gas has been developing and provided the equipment”, referring that the production of Uzbekistan oilfields has arrived at 4 billion cubic meters of natural gas and more than 100 thousand tons of Hydrocarbon. /End/
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