At a cost of 3 billion dollars ... Oil announces the approval of the investment plan for the Basra Gas Company

[yota691]

At a cost of 3 billion dollars ... Oil announces the approval of the investment plan for the Basra Gas Company

•  Time: 05/03/2021 15:12:58
•  
•  Read: 1,404 times

   

  

{Economic: Al Furat News} The Minister of Oil, Ihssan Abdul Jabbar Ismail, announced, on Monday, the launch of large investments amounting to 3 billion dollars to develop the gas industry and invest in the Basra Gas Company in support of the national economy.

 

 The Minister of Oil said, in a press conference attended by the correspondent of Al Furat News, that "this came to implement a group of projects aimed at increasing production from (1000) mqmq per day to (1,400) mqmqs per day up to the total capacity of 2,400 mqmqm through the implementation of projects to invest and produce dry gas for the period (2021-2025) ''.
 He pointed out that "the rate of increase in production that will be achieved (40 percent), this came during the press conference held by the Ministry of Oil to approve the major investment plan for the Basra Gas Company."
The Minister of Oil stated, "An investment plan of 3 billion dollars to implement a group of projects for the Basra Gas Company is a major achievement that is mainly recorded to support the government," stressing, "The ministry and government are keen to direct the national economy towards a sustainable economy, by launching investments in the gas and energy sector." .
He added that "near-term future plans will strengthen the refining or transformative industries and the petrochemical industries, and the Nebras Petrochemical Project is one of the most important projects that will be implemented thanks to the availability of gas," describing the current situation of the Basra Gas Company as "excellent", hoping that "the partners will make exceptional efforts and develop Strategies that lead to the development and increase of invested capacities. "
The Minister of Oil confirmed that "the ministry has other projects to invest gas in the governorates of Dhi Qar, Maysan and Mansouriya, and the crutch project, and the agreement with Total, which is one of the most important agreements in 2021, which is hoped to enter into force at the end of this year."
For his part, Undersecretary for Gas Affairs, Hamid Yunus, stated that "the target plan for gas investment is a five-year plan to invest 3 billion dollars for a period of five years," noting that "the main project is Basra (NGL) in two stages to reach the production of 1400 reactors to support the dry gas network." National and also contribute to increasing the quantities of liquid gas produced. "
The General Director of the Southern Gas Company, Hamza Abdul-Baqi, said, "With the continuous support and attribution of the Minister of Oil, despite the economic and health conditions, the necessary financial liquidity, amounting to 3 billion dollars, was provided over the next five years to implement plans and projects to raise production rates in the Basra Gas Company to reach 1,400 Moqmqs per day. Through the implementation of the Basra Project (NGL), which will be implemented in two phases, ending in 2025, each phase with a capacity of 200 workers per day.
"The increase in production rates will supply electric power plants and increase their production, and the rates of liquid gas production will increase to 7,000 tons per day, and the condensate production rates will increase by 30,000 barrels per day," Abdel-Baqi said.
The director of Shell in Iraq and the UAE, Ali Al-Janabi stressed, "reaching an important stage of gas production in the Basra Gas Company, and we will reap its fruits within the next two or three years," noting that "the gas sector is the soul of the Iraqi economy because it enters the electricity and industry sector, and expressed his thanks." For the support provided by the Minister and the Ministry for the sustainability of work and production.
 Deputy General Manager of the Basra Gas Company, the port of Kazem, also reviewed the company's scope of work, which includes 17 gas compressors, 4 natural gas treatment plants, one port for the export of condensate and liquid gas, and a gas storage complex, noting that “the company is investing and processing 900 million standard cubic feet per day, Which provides 3.5 kWh produced from treated dry gas to supply more than 3 million homes with electricity, as well as securing 80% of cooking gas for Iraq, and that Iraq has become an exporting country for liquid gas after it was an importer of the material.
He added that the 2021 action plan aims to add CABSAT. Gas with the aim of collecting additional quantities of gas from the fields of the first licensing rounds, and completing the Basra natural gas treatment project, which will increase the production capacity of the Basra Gas Company from 1,000 to 1,400 million standard cubic feet per day, and increase the export quantities of LPG from 30,000 tons to 70 One thousand tons per month. "
"The Ministry of Oil has made strides in the field of optimal investment of gas associated with oil operations, and has begun implementing projects to develop the Mansouriya gas field and has talks to develop Akkas gas field in Anbar province," said the ministry’s spokesman, Asim Jihad, and that what has been approved today regarding the major investment plan for a gas company Basra is a great addition to the gas investment sector in Iraq. "

Wafa Al-Fatlawi

[Gypsygirl11]

Good sign, no?

[yota691]

$ 3 billion to invest Basrah gas

Tuesday 04th May 2021 74

 

 Baghdad: Morning 

 

Yesterday, Monday, Oil Minister Ihssan Abdul-Jabbar confirmed the launch of large investments amounting to 3 billion dollars to develop the gas industry and invest in the Basra Gas Company in support of the national economy. The plan, announced by Abdul-Jabbar during a press conference attended by “Al-Sabah” at the Ministry’s headquarters, aims to implement a group of projects aimed at increasing production from (1000) mqmq per day to (1,400) mqmqm, up to the total capacity (2,400) mqmqm through the implementation of projects for investment and gas production Al-Jaf over a period of 5 years for the period from (2021 to 2025), in addition to achieving the plan to increase the production rate to 40%.

The Minister of Oil said: “The $ 3 billion investment plan to implement a group of projects for the Basra Gas Company is a major achievement that is mainly recorded to support the government,” stressing “the ministry and the government’s keenness to direct the national economy towards a sustainable economy, by launching investments in the gas and energy sector.” “.

He added that “near-term future plans will boost the refining or transformative industries and petrochemical industries, and the (Nebras) petrochemical project is one of the most important projects that will be implemented thanks to the availability of gas,” describing the current situation of Basra Gas Company as “excellent”, and he said: “We hope our partners will do Exceptional efforts and setting strategies that lead to the development and increase of invested capacities.

Abdul-Jabbar pointed out that “the ministry has other projects for gas investment in the governorates of Dhi Qar, Maysan, Mansouriya field, and the crutch project, and the agreement with (Total) is one of the most important agreements in 2021, which it is hoped will enter into force at the end of this year.”

[yota691]

Iraq to invest $3bn in Basra Gas Co. over five years

Iraq is also boosting its domestic cooking gas supplies. (File/Reuters)

 

Updated 03 May 2021

ARAB NEWS

May 03, 202113:43

3576

 

 

Follow @arabnews

• The investment plan will provide about 2000 jobs during the construction period of the project

 

,RIYADH: Iraq plans to invest $3 billion in the Basra Gas Company over the next five years, the Iraqi News Agency reported on Monday.
“The aim is to increase gas production capacity by 40 percent as we seek to reach 1,400 million cubic meters of gas,” Oil Minister Ihsan Abdul Jabbar told reporters.

“Basra Gas Company is currently in an excellent situation and there is a government commiment to provide the dues,” he said.
The investment plan will provide about 2000 jobs during the construction period of the project, the company said.
Iraq is also boosting its domestic cooking gas supplies, with the Basra Gas Company now accounting for 80 percent of supplies in the country.

[yota691]

Are Gulf investments in Iraq subject to negotiations with Iran?

Economie| 04:36 - 05/03/2021

 

 

 

 

Baghdad - Mawazine News
, US reports confirmed that the Iraqi Prime Minister, Mustafa Al-Kazemi, visited Saudi Arabia and the UAE in March and April to request financial assistance, but what he got instead is a commitment to an investment of $ 3 billion.
While the "New York Times" quoted Iraqi and Iranian officials as saying that the head of Saudi intelligence began secret talks last month with a high-ranking Iranian security official in Baghdad.
On this topic, Professor of Political Thought Issam Al-Faily says, "The fears that were plaguing Gulf investments lay in the lack of a safe environment for them in Iraq, despite the promises of the Iraqi government. Therefore, one of the factors for initiating and approving Saudi investments is the nature of the Iranian-Saudi negotiations ".
Al-Faily continued by saying, "All indicators in the region began calling for calm and understandings, due to the Saudi-Iranian desire in this regard, and by virtue of what the Iraqi Prime Minister possesses of integrated information on the two parties, which helped him open many files away from media marketing for both Parties. "
Al-Faily added, "Gulf investment was colliding in one way or another with the strong Iranian influence in Iraq, and the Gulf states are fully aware that Iran controls the northern Gulf, but today's Iranian strategy has changed and realized that the escalation is not beneficial."

[yota691]

The establishment of the first industrial city and the largest iron factory in Basra

Wednesday 05 May 2021 169

 

  Basra: Saad Al-Sammak

 

The Basra Investment Commission has included mega projects within the current year’s plan, the most prominent of which is the implementation of a large iron and steel plant, and the first industrial city to help employ thousands of unemployed.

The head of the commission, Alaa Abdul-Hussein Salman, told Al-Sabah: "The plan for the current year includes the establishment of giant investment projects, most notably the iron and steel plant, with a design capacity of more than one million tons of reinforcing and industrial iron."

He added, "The plan also includes residential, industrial, recreational and hotel projects, the cost of which is estimated to be hundreds of millions of dollars," noting "the completion of almost all sectoral approvals in coordination with the local administration of Basra in preparation for signing the investment licenses."

Salman pointed to "the completion of the government departments' approvals to establish the first major industrial city by preserving an area of a thousand dunams, as it was planned to accommodate a large number of industrial, petrochemical investment projects and projects for the manufacture of iron and steel and electronic and provide thousands of job opportunities for the unemployed graduates and the middle, technical and service groups." He stated that "the location of the industrial city was chosen near the sources of oil and gas wealth, ports and highways, which would help investors to export the surplus to global markets and reduce the cost of imported and local raw materials that enter the production process."

[yota691]

Iraqi Oil: Signing new contracts to increase gas production soon

Iraqi Oil Company developed an investment plan worth 3 billion dollars to raise the production capacity of the Basra Gas Company

 May 07, 2021 11:53 AM

Mubasher: The Ministry of Oil announced today, Friday, that new contracts will be signed to increase gas production. 

 

"The ministry has set an investment plan worth three billion dollars to raise the production capacity of the Basra Gas Company to 1,400 million standard cubic feet per day," said Assem Jihad, spokesman for the ministry, to the Iraqi News Agency (INA), indicating that "the current production reaches about 900 to one thousand." One million standard cubic meters from Basra Gas Company only. "

A spokesman for the ministry pointed out that "the contract for developing the Mansouriya gas field, which is one of the fields known as free gas in Diyala, was referred." 

He added that "the production capacity that the ministry aspires to is to reach 300 million standard cubic feet per day," noting that "the ministry has discussions with international companies to develop the gas crutch field, and that discussions are continuing with international companies after the blessed Eid Al-Fitr."

Jihad stated that "the ministry will sign within the coming period with (Baker News General Electric) a contract to develop or invest all the gas in Dhi Qar Governorate," explaining that "an agreement has been made with Chinese companies to invest all the gas in Maysan Governorate." 

He stressed that "the ministry recently laid the foundation stone for a very large project, which is to invest 400 million standard cubic feet per day from the Artawi field," stressing that "the ministry has advanced discussions with (Total) after the agreement and the signing of the contract."

Jihad noted that "the company aims to achieve an increase from 300 to 600 million standard cubic feet, and thus Iraq will achieve almost a high percentage of gas associated with oil operations that will generate large quantities and will also be reflected in the Iraqi national production."

[yota691]

Oil presents a plan worth three billion dollars to raise production capacity

 

energy Economy News _ Baghdad On Friday, the Ministry of Oil announced the imminent signing of new contracts to increase gas production, noting that the ministry had developed an investment plan worth three billion dollars to raise the production capacity of the Basra Gas Company. "The ministry has developed an investment plan worth three billion dollars to raise the production capacity of the Basra Gas Company to 1,400 million standard cubic feet per day," the ministry’s spokesman, Asim Jihad, told the Iraqi News Agency, which was followed by Al-Iktissad News. To one thousand million standard cubic meters from the Basra Gas Company only, "pointing out that" the contract for the development of the Mansuriyah gas field, which is one of the fields known as free gas in Diyala province, has been awarded. "   He added that "the production capacity that the ministry aspires to is to reach 300 million standard cubic feet per day," noting that "the ministry is in talks with international companies to develop the gas crutch field, and discussions are continuing with international companies after Eid Al-Fitr."   Jihad stated that "the ministry will sign within the coming period with (Baker News General Electric) a contract to develop or invest all the gas in Dhi Qar Governorate," explaining that "an agreement has been made with Chinese companies to invest all the gas in Maysan Governorate."   He stressed that "the ministry recently laid the foundation stone for a very large project, which is to invest 400 million standard cubic feet per day from the Artawi field," stressing that "the ministry has advanced discussions with (Total) after the agreement and the signing of the contract."   Jihad noted that "the company aims to achieve an increase from 300 to 600 million standard cubic feet, and thus Iraq will achieve almost a high percentage of gas associated with oil operations that will generate large quantities and will also be reflected in the Iraqi national production."

Number of observations 62   Date of addition 05/07/2021

[yota691]

Rouhani identifies an important project with Iraq that "will cause a great change in the region."

•  Time: 05/13/2021 11:26:47
•  
•  Read: 6,760 times

  

{Economist: Al Furat News} Iranian President Hassan Rouhani considered the railway network linking the Iranian cities of Shalamjah and Basra as "an important project."

 

"The cities of Abadan, Shalamjah and Khorramshahr are located in a strategic area of great importance," Rouhani said during a ceremony held today, Thursday, via video technology, via video conference in the 67th week of the opening of national projects in Iran, expressing his hope that "we will witness a great change in the region through The agreement that was signed with Iraq regarding the connection of the railway network between the cities of Shalamjah and Basra. "
He stressed that "linking the railway network between Iran, Iraq and Syria will provide the ground for linking Iran to the Mediterranean Sea, which is of great importance," noting that "the government is following up this project on the political and operational levels, provided that it will be completed in the coming years."
Rouhani sponsored the inauguration of a number of projects in the free industrial economic zones in the south, east and northwest of Iran through video conference technology.

Ammar Al-Masoudi