Oil sets up gas investment mechanisms for the first time in 35 years

[yota691]

Oil sets up an investment program for gas and decides its mechanisms

Editorial date: 2017/4/17 11:21 • 86 times read

(Baghdad: Al-Furat News) Oil Minister Jabbar al-Luaibi laid down decisions to implement the policy of gas investment in the southern region as an applied model for the ministry's policy.

A statement issued by the ministry said that "the minister briefed on the plans and statements presented before him this month at the headquarters of the Ministry of Oil in the presence of all concerned, where the Minister of Oil set clear mechanisms and objectives possible to avoid any delay in understanding the challenges and achieve the goal of stopping the burning of gas in 2021." 
He added that "the decisions included the construction of three central complexes in stages and can be expanded to receive gas in Basra 1000 Muqmq / day, Nasiriyah 200 Muqmq, Maysan 400 Muqmq through the activation and development of contractual obligations of foreign companies operating in the fields of the production of dry gas and liquids and condensates. 
"The policy of production will ensure the provision of large quantities of dry gas to power plants to secure the provision of raw material for plans to build fertilizer plants and methanol supply of ethane in quantities needed for the project Nebras Petrochemicals one of the largest development opportunities in the country maximize the country's ability to export liquid gas and strengthen the role of the country In the global energy market. " 
"It also manages all quantities of condensates produced in all fields and preventing their burning or mixing with crude oil and exporting them to the world markets at competitive prices as an important and vital source of national income." 
"These objectives will achieve the basic pillars of sustainable development, which is to achieve higher stability in the energy industry and support the local industry by increasing the hours of electricity availability and provide a more attractive environment for foreign investment." 
"It also aims to create opportunities for many secondary industries by providing heavy industries, especially petrochemicals, to create employment opportunities for the national workforce up to three thousand jobs during the project implementation phase, as well as the skills and expertise that will be transferred during direct dealings with the implementation companies."

[yota691]

Oil Minister initially agreed to include the establishment of a refinery Babylon Investment Plan 2017

History of edits:: 2017/4/17 13:27 • 18 times readable

{Baghdad: Euphrates News} approved Oil Minister Ali Jabbar Luaibi, in principle to the inclusion of the establishment of the refinery in Babylon under the investment plan for the year 2017.

The Council of the province of Babylon, approved November 12, 2016 the establishment of an oil refinery and power plant in the solar hand Kifl, south of Hilla ,, while noting the allocation of three thousand acres to create Almcefy.anthy

[yota691]

Oil sets up gas investment mechanisms for the first time in 35 years

economy

 From 2017-04-17 at 11:41 (Baghdad time)

Baghdad Mawazine News

The Ministry of Oil announced on Monday that it has developed a program to invest gas in the southern region as an applied model for the ministry's policy, noting that the program included the construction of three central compounds.

The ministry said in a statement received by "Mawazine News," a copy of it, "The Minister of Oil Jabbar al-Allaibi set the implementation of the policy of gas investment in the southern region as an applied model of the policy of the ministry."

"The minister has identified clear mechanisms and objectives that are achievable to avoid any delay in understanding the challenges and achieving the goal of stopping the burning of gas in 2021," she added.

The ministry added that "the decisions included the construction of three central complexes in stages and can be expanded to receive gas in Basra 1000 Muqmq / day, Nasiriyah 200 Muqmq, Maysan 400 Muqmq through the activation and development of contractual obligations of foreign companies operating in the fields of the production of dry gas, liquid and condensate production policy" .

"These complexes will ensure the provision of large quantities of dry gas to power plants to secure the provision of raw material for plans to build fertilizer and methanol plants, and to provide ethane in quantities needed for the Nebras Petrochemicals project one of the largest development opportunities in the country to maximize the country's ability to export liquid gas, Country in the global energy market. "

The ministry pointed out that it "ensures the management of all quantities of condensates produced in all fields and preventing their burning or mixing with crude oil and exporting them to the world markets at competitive prices as an important and vital source of national income."

"All these goals will achieve the basic pillars of sustainable development, which is to achieve higher stability in the energy industry and support the local industry by increasing the hours of availability of electricity and providing a more attractive environment for foreign investment, creating opportunities for multiple secondary industries through the provision of heavy industries, Job opportunities for national employment up to three thousand job opportunities during the project implementation phase as well as the skills and experience that will move in the course of dealing directly with the implementation companies. "Ended 29 / a 43

[10 YEARS LATER]

BIG BIG  here !

[Freedomwish]

That HCL is coming!! 

[Synopsis]

Just now, Freedomwish said:

That HCL is coming!! 

Good Morning Freedomwish and all DV!!!

Yep. That HighCurrencyLevel is coming!!! 

Well, OK, and that ever elusive HydroCarbon Law!!!

Go Moola Nova!

[dinarham]

Holy Mackerel ,Andy ! this is good !

[jg1]

Bump.

[Laid Back]

This articles make me believe the HCL is a done deal. Just waiting for the liberation of Mosul to make the official announcement.!

Go liberation of Mosul 

Go RV

Go 2017

[wealthhound]

1 minute ago, Laid Back said:

This articles make me believe the HCL is a done deal. Just waiting for the liberation of Mosul to make the official announcement.!

Go liberation of Mosul 

Go RV

Go 2017

Love it Laid Back!!

[Officiallytook]

[siberian_shaddow]

Much appreciated Yota, This is a beautiful article and a great way to start the week.

[presence]

Good afternoon Yota and DV. Thank you for this uplifting post- which is quite revealing when combined other recent developments regarding the release of the IQD from its artificially low program rate. I like the fact that you posted the following article within an hour or two of the one in this thread:

http://www.alliraqnews.com/modules/news/article.php?storyid=60840

...and when you combine the other news a couple weeks ago about new and extended pipelines that are soon and/or already delivering oil to Turkey and Russia, it certainly does appear that Iraq knows how it plans to divide its revenue - which is increasing more and more with every passing day, not just from the gross proceeds received as income, but also from the interest that's compounding from that revenue (not to mention the fact that more and more money is going where it's supposed to due to the fdecrease in corruption.)

If that's not enough to develop or maintain a sense of optimism, then throw in the recent post regarding Abadi's comments pertaining to the release from the residual Chapter VII UN sanctions. These articles  coincide nicely with the liberation of Mosul, which must be near, according to another article posted earlier today, and they also coincide nicely with the international support in the form of loans from Japan and other nations that have enough confidence in Iraq to grant loans in amounts exceeding $6Bb. Go RV!!!

[ChuckFinley]

3 hours ago, Laid Back said:

This articles make me believe the HCL is a done deal. Just waiting for the liberation of Mosul to make the official announcement.!

Go liberation of Mosul 

Go RV

Go 2017

Hey LB trust you and everyone reading is doing well and pumped up.  I read it the say way. They do not come out and say but it does sound or may I go as far as say, implied that the deal is done and they are making deals that will back fill the announcement of the HCL.     

[Laid Back]

3 hours ago, wealthhound said:

Love it Laid Back!!

Thanks wealthhound we are close to the end of this ride. 

 

14 minutes ago, ChuckFinley said:

Hey LB trust you and everyone reading is doing well and pumped up.  I read it the say way. They do not come out and say but it does sound or may I go as far as say, implied that the deal is done and they are making deals that will back fill the announcement of the HCL.     

Totally agree my friend ChuckFinley 

Go liberation of Mosul 

Go HCL

Go RV

Go 2017

[Goggles]

    

[boosterbglee]

Me too! 

[okane]

They seem to be laying a solid foundation for a good RV.  I'd love to see a dollar out of the gate.

[Wiljor]

5 hours ago, Laid Back said:

This articles make me believe the HCL is a done deal. Just waiting for the liberation of Mosul to make the official announcement.!

Go liberation of Mosul 

Go RV

Go 2017

Yes brother Laid Back the liberation of Mosul should in fact bring about all other pending laws into force.

Go liberation of Mosul 

[ChuckFinley]

26 minutes ago, okane said:

They seem to be laying a solid foundation for a good RV.  I'd love to see a dollar out of the gate.

I feel it will be 1 to 1.  Anything less and you will have a run on the currency. People will be buying it and riding it up and then dumping it. I do not believe it would happen as an in country RV. They would just site on it until it went 1 to 1 or better.  Being 1 to 1 you also eliminate people being taken advantage of.  

[okane]

As much as I want a 1 to 1 out of the gate ..... It I were the CBI, that would never happen!  I would follow the same line as Adam suggested a few months ago and for the same reasons.  Cash in window of time to flush everybody out then set the real value or a higher value and let it float from there.  But I do believe that they are doing everything possible to make this as successful as possible

[NoviceInvestor]

I personally am tipping somewhere between 10 to 35 cents for a start.. I'm no expert but that's my gut feeling.. But what ever it is I'll be happy what I would really like to see is  for "soon" to become  "now"😊

[yota691]

The government decides to invest gas in the southern region

18/4/2017 12:00 am     Baghdad / Farah pumice put oil minister Jabbar Allaibi implementation of the decisions of the gas investment policy in the southern region as a model applied to public policy  of the Ministry. This came at a time when an oil expert confirmed that this investment will return to the country with revenues estimated at billions of dollars. "The Minister of Oil has set clear mechanisms and objectives that can be achieved in order to avoid any delay in understanding the challenges and achieving the goal of stopping the burning of gas in 2021," the statement said. "The decisions included the construction of three central complexes on expandable to receive gas in Basra 1000 Mqmq / day phases, and Nasiriyah 200 Mqmq, and Maysan 400 Mqmq through activation and development of the contractual obligations of foreign companies operating in Altaftyh fields for the production of dry gas, liquid  and condensate." "The policy of production will ensure the provision of large quantities of dry gas to power plants, and provide the provision of raw material for plans to build fertilizer plants and methanol and provide the amount of ethane in quantities needed for the project Nebras Petrochemicals one of the largest development opportunities in the country and maximize the country's ability to export liquid gas and solidify The role of the country in the global energy market. " The project also manages all quantities of condensates produced in all fields and preventing their burning or mixing with crude oil and exporting them to the world markets at competitive prices as an important and vital source of national income. "These objectives will achieve the basic pillars of sustainable development, which is to achieve higher stability in the energy industry and support the local industry by increasing the hours of power saving and provide a more attractive environment for foreign investment." The government's program aims to "create opportunities for the various secondary industries through the provision of heavy-duty industries, especially petrochemicals, and create job opportunities for national employment of up to three thousand jobs during the project implementation phase, as well as the skills and expertise that will be transferred during direct dealings with the execution companies." For his part, praised the oil expert Essam al-Saadi for "morning" this step, noting that "the investment of natural gas in Iraq will be an important turning point in support of the state treasury and revitalize the Iraqi economy in general." He pointed out that "Iraq is one of the top ten gas reserves in the world, and could be in the list of the top five if the expansion of oil exploration and gas."

[drj]

11 hours ago, Laid Back said:

This articles make me believe the HCL is a done deal. Just waiting for the liberation of Mosul to make the official announcement.!

Go liberation of Mosul 

Go RV

Go 2017

Agreed!!

[Laid Back]

8 hours ago, Wiljor said:

Yes brother Laid Back the liberation of Mosul should in fact bring about all other pending laws into force. 

Go liberation of Mosul 

 

2 hours ago, drj said:

Agreed!!

We patiently wait.!

Go RV

Go 2017