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National Oil holds a meeting to discuss increasing the proven reserves of oil and gas


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Economy News - Baghdad

"Economy News" publishes the details of the internal regulations of the Iraqi National Oil Company.

 


To read the details, click here

 
Number of views 150,   date added 02/09/2021
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National Oil discusses in its first meeting the five-year plan for the exploration sector
  
{Economic: Al Furat News} The National Oil Company held, on Thursday, its first meeting to discuss and discuss topics on the meeting schedule, and the five-year plan for the oil exploration sector was discussed and reviewed, which aims to sustain and enhance national production of oil and gas.
 

According to the company’s statement, {Al-Furat News} received a copy of it: “During the meeting, the interim and future production and export plans were discussed, according to a strategic vision commensurate with the needs of the interim oil market and future expectations, in coordination with the Iraqi Oil Marketing Company “SOMO”, and to ensure the highest return economy for Iraq.
Part of the meeting was attended by Oil Minister Ihsan Abdul-Jabbar Ismail, along with a number of officials and directors of companies and relevant departments, in addition to hosting the Director General of the Oil Marketing Company "SOMO".

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The National Oil Company holds its first meeting and discusses future production and export plans

  •  09-09-2021, 17:25
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Baghdad - IQ  
 
The National Oil Company held its first meeting (Thursday, September 9, 2021), to discuss the five-year plan for the oil exploration sector, and the interim and future production and export plans.

The Ministry of Oil said in a statement received by IQ News that the meeting "discussed the topics (listed) on its schedule, and discussed and reviewed the five-year plan for the oil exploration sector, which aims to sustain and enhance the national production of oil and gas."

He added, that the meeting also discussed "the interim and future production and export plans, according to a strategic vision commensurate with the needs of the interim oil market and future expectations, in coordination with the Iraqi Oil Marketing Company "SOMO", in a manner that guarantees the highest economic return for Iraq.

She indicated that the Minister of Oil, Ihsan Abdul-Jabbar, and a number of officials, companies and relevant departments attended the meeting, as well as the hosting of the Director General of the Oil Marketing Company "SOMO".

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Oil expects large reserves of free gas and requests a budget from the Council of Ministers
  
{Local: Al Furat News} The head of the National Oil Company, Ihsan Abdul-Jabbar Ismail, said, on Tuesday, that the company is conducting a comprehensive assessment of the existence of wealth and large reserves of free gas, which we seek to invest by the national effort in cooperation with sober international companies.

This came during a meeting chaired by the company's president, Ihsan Abdul-Jabbar, to discuss an integrated development plan for the advancement of the exploration sector for gas fields. 
Ismail pointed out that "the company is conducting a comprehensive assessment of the reality of these hydrocarbon compounds, with our expectations of the existence of wealth and large storage, especially from free gas, which we seek to invest by the national effort in cooperation with sober international companies," stressing that "this plan will be presented to the Council of Ministers in order to Obtaining its approval and monitoring the budget for it. 

The meeting was attended by the first vice president of the company, Hamed Younis, the general manager of the Department of Reservoirs and Oil Field Development, the general manager of the Oil Exploration Company, and the general manager of the petroleum contracts and licensing department, in addition to the team charged with preparing and following up on this file.

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 2021-09-21 07:10
 

Shafaq News/ The head of the National Oil Company, Ihsan Abdul-Jabbar Ismail, confirmed the company's keenness to maximize hydrocarbon resources through an integrated development plan aimed at accelerating the transition of this wealth from exploration and digital expectations on paper to the reality of tangible investments on the ground that are added to the oil and gas wealth in Iraq. .

This came during a meeting he chaired to discuss an integrated development plan to advance the exploration sector for gas fields, according to a statement issued by the Ministry of Oil.

Ismail said that the meeting comes as part of a series of intensive meetings and dialogues to put the final touches on an integrated development plan aimed at accelerating optimal investment plans for hydrocarbon wealth throughout Iraq.

Ismail indicated that the company is conducting a comprehensive assessment of the reality of these hydrocarbon compounds, with our expectations of a great wealth and storage, especially from free gas, which we seek to invest by the national effort in cooperation with sober international companies, stressing that this plan will be presented to the Council of Ministers in order to obtain approval. and monitor its budget.

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 2021-09-30 09:20
 

Shafaq News/ The head of the National Oil Company and Oil Minister Ihsan Abdul-Jabbar Ismail announced on Thursday that the company is studying the approval of a giant natural gas exploration project in the Western Desert.

Ismail said, during an inspection visit to the Oil Exploration Company, that the company is studying the approval of a giant exploration project in the region or the Western Desert, which is one of the promising investment opportunities for natural gas (free gas), indicating that the company attaches great hopes to it as a result of previous studies and surveys.

He pointed out that he instructed the concerned authorities in the Oil Exploration Company to prepare an evaluation study and inventory all the information on the exploratory patches in the mentioned area with the aim of unifying and approving them, monitoring the appropriate financial budget for them, and announcing the launch of the largest exploration project for free gas.

Ismail added that the western region is gaining great importance in the field of exploration and surveys, and that the National Oil Company will harness all its technical capabilities to invest gas by drilling exploratory wells after obtaining the approval and support of the government to implement these projects, which will be one of the most important pillars of the national economy and sustainable development, by adding energies New Iraq's gas production capabilities.

He noted that Iraq is on the verge of implementing major projects in the associated gas investment sector and developing (free) natural gas fields and clean energy projects, in line with the world's trends in this direction.

The Minister of Oil stressed the need to convert all uses of liquid fuels to gaseous fuels, which fall within the transition to clean energy uses, explaining that the Western Sahara is one of the targeted and great solutions that can give great independence in the matter of using natural gas to produce electric power and as a main source for the petrochemical and industrial industries. other refining.

He continued by saying that the National Oil Company is also interested in seismic survey operations in Najaf province, which aims to exploratory drilling operations for promising patches in the province and the proportion and quantity of hydrocarbon reserves in it, whether oil or gas.

For his part, Director General of the Oil Exploration Agency Agency Basem Muhammad Khudair said that the vision and plans of the Ministry and the National Oil Company stress the importance of conducting and completing seismic surveys in the western region and starting exploratory drilling to determine the hydrocarbon presence of gas, and the Western Desert Gas project will be a separate project for exploration activity, where it will be Presenting a working paper and a completed study to the Council of Ministers on the project to obtain fundamentalist approvals to implement the project for the purpose of directing two- or three-dimensional seismic surveys and starting exploratory drilling.

He stated that seismic surveys or exploratory drilling in the governorates will support the national economy and provide job opportunities for the people of the governorates in which the projects will be implemented, as well as upgrading the level of services and infrastructure.

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Sunday 3 October 2021 | 06:50 PM
Number of readings: 1070

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The presidency of the National Oil Company held a meeting with the management of the Angolan Sonangol Company, the main operator of the Qayyarah oil field in Nineveh Governorate. The First Vice President of the National Oil Company and Executive Director Hamid Younis said in a statement that the President of the National Oil Company, Ihsan Abdul-Jabbar Ismail, chaired an important meeting that included the CEO and management of the Angolan Sonangol Company, the North Oil Company and the Department of Oil Contracts and Licensing, via television. He explained that the meeting discussed plans to develop the Qayyarah field, and expedite the implementation of the ministry's directives regarding increasing production and discharging crude oil, as well as improving mechanisms for improving its quality in a way that achieves the highest economic return. Younis pointed out the keenness of the Ministry and the National Oil to overcome all technical, financial and other obstacles in order to achieve the planned goals. The attendees listened to the program and plans of Sonangol and the mechanisms of implementation according to the technical program

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Economy News - Baghdad

On Monday, the Energy Ministerial Council issued six new decisions during its twenty-sixth session for the year 2021.

The council said in a statement, which was reviewed by "Economy News", that it agreed "to support the efforts of the National Oil Company to open a discussion and dialogue with the American company Chevron regarding the implementation of the Nasiriyah province project for oil and gas production in four exploration blocks in Dhi Qar Governorate, due to its importance in enhancing and sustaining production. It contributes to supporting the national economy and sustainable development projects.

The Council affirmed the support of joint efforts to proceed with the implementation of the “Nebras” petrochemical project “due to the positive economic and developmental effects and the expected financial returns,” stressing the need for the “Joint Management Committee to select a global consultant to study and evaluate the price of feed gas, for the proposal submitted by the partners according to the economic model.” ".

The Council approved the expansion of the Diwaniyah refinery, as well as approving the Ministry of Oil to supply the departments of the Basra Water Project (Al-Bidaa Canal) and the Shatt Al-Arab Irrigation Project with their fuel needs in support of the efforts of the Ministry of Water Resources and supporting authorities, according to the statement.

The Council also agreed to switch from traditional irrigation to mechanized irrigation, and from open irrigation to closed irrigation, in addition to its approval for the Ministry of Industry and Minerals to complete its procedures regarding the rehabilitation and operation of the factories of the General Phosphate Company in accordance with the Investment Law and the Mineral Investment Law, due to the importance of this in supporting the industrial, agricultural and economic sectors. National, according to the statement.

 
 
Views 34   Date added 10/04/2021
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 2021-10-05 04:54
 

Shafaq News/ Oil Minister Ihsan Abdul-Jabbar Ismail revealed on Tuesday that the National Oil Company has opened a dialogue with one of the major international companies about gas exploration in the Western Desert in Anbar Governorate.

The minister said in a statement received by Shafaq News Agency today, that the ministry and the National Oil are keen to attract investments, expertise and advanced global technology to explore for hydrocarbon compositions, especially gaseous ones, and work to increase national production of "free gas" in addition to investing associated gas.

He pointed out that the name of the company will be revealed in the event that a clear agreement is reached that serves the common interests.

The Minister of Oil confirmed that the ministry has started exploratory work with the "two- and three-dimensional" technology in the governorates of Anbar and Nineveh, where seismic teams are working to conduct the required surveys, according to the latest technical equipment and devices for all exploratory patches, where the ministry is working to increase the number of exploratory teams to four teams in Nineveh Governorate. And to more than one seismic division in Nineveh Governorate, according to the requirements of need and work.

On Thursday, the end of September, the head of the National Oil Company and Minister of Oil, Ihsan Abdul-Jabbar Ismail, announced that the company was considering approving a giant natural gas exploration project in the Western Desert.

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 2021-10-05 11:04
 

Shafaq News/ The Iraqi Minister of Oil announced on Tuesday that the Council of Ministers approved, in its session today, a set of important decisions that support the efforts of the Ministry and the National Oil in implementing their plans to maximize national production of oil and gas, and achieve financial revenues that support the public budget and the national economy.

Oil Minister Ihsan Abdul-Jabbar Ismail said in a statement received by Shafak News Agency; The Cabinet has decided to approve 

 The National Oil Company has entered as a financing partner with Total International in its giant project in Basra, and this step aims to expand the commercial and financial activity of the company with the aim of achieving economic returns and building solid partnerships with well-known international companies.

The Minister of Oil referred to the Cabinet's approval to support the National Oil Company's "commercial activity", which aims to maximize revenues and financial returns for the company and the general budget.

Ismail added that the Council of Ministers had also decided to ratify the decisions and procedures of the National Oil Company to maximize Iraq's capabilities to produce oil and gas.

Last month, the Iraqi Oil Ministry signed; A contract with France's Total Energies worth $27 billion to implement four projects in the field of gas and electric power.

Iraqi Oil Minister Ihsan Abdul-Jabbar told reporters on the sidelines of signing the contract in Baghdad that "the French oil company will build four giant energy projects in the southern province of Basra, worth $27 billion."

Abdul-Jabbar explained that "Total will provide two billion dollars to build gas station facilities in the south," noting that "a third of the investment funds will be spent during the next seven years."

For his part, CEO of Total, "Patrick Pouyanne", said on the sidelines of the signing of the contract, that "the company will start with an initial investment of $10 billion, and that engineering work will begin by the end of this year."

The contract includes four projects, the first is the development of a gas refining complex in all fields, outside the Basra Gas Agreement, which are the fields of (Artawi, West Qurna/2, Majnoon, Al-Touba, Al-Luhais).

the second project, the construction of a large central gas complex in the Artawi field (southeast); The third project is the construction of facilities to produce 1,000 megawatts of electrical energy using solar energy.

While the fourth project, the development of the Artawi field with the aim of maximizing the potential of gas supply.

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Saturday, October 16, 2021 10:15 PM

Special / National News Center

Today, Saturday, the Oil Exploration Company revealed details of its plans to drill oil wells in the northern and southern regions of Iraq, while pointing out that there are eight seismic companies operating in separate areas of the country, in light of some challenges and obstacles.
The director of the company, Basem Muhammad Khudair, told the "National News Center", that "the seismic teams are distributed in 8 companies, to complete a new plan for the exploration of oil wells throughout Iraq," noting that "the seismic teams are now conducting a two- and three-way ground survey in Iraq." Different areas north and south of the country.
He added, "After the survey process is completed, the information is sent to determine the existing oil and gas compositions, after being processed by the exploratory cadres," explaining that "after identifying the newly discovered oil wells, the
national oil plan is submitted to the Council of Ministers, because it needs investment budgets." big".
Muhammad pointed out that "the new plan will be submitted soon, to finance it financially after it has been approved by the Council of Ministers, so that the wells discovered by seismic teams can be decided upon."

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The National Oil Company announces that it is proceeding with plans to maintain and increase production

Economie07:46 - 10/18/2021

 
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Baghdad - Mawazine News

The National Oil Company announced, on Monday, that it is proceeding with the Ministry of Oil's plans to maintain and increase production. 
In a statement received by Mawazine News, the company’s president, Ihsan Abdul-Jabbar Ismail, stressed the company’s keenness to proceed with the ministry’s plans to increase production rates to reach the planned and planned capacities for projects to develop oil fields, despite the economic and health challenges facing Iraq and the world. He chaired the third meeting of the company's board of directors in the presence of its members.
He added, during the meeting, they discussed the company's planning budget and other paragraphs that were included in the agenda, which included the development of field work for companies operating within the National Oil Company. Ended 29/R77

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Monday, October 18, 2021 3:18 PM

Baghdad/National News Center

Today, Monday, the Ministry of Oil organized a new licensing round for the transportation of oil derivatives, with the participation of 57 Iraqi private sector companies that transport fuel.

The Undersecretary for Distribution Affairs Hamid Younis said in a statement to the ministry, "The ministry organized a licensing round for the transfer of oil derivatives to processing outlets and warehouse branches in the governorates."

And the Director General of the Oil Products Distribution Company, Hussein Talib, stated that “the competition included (30) axes for all distribution outlets and warehouses.”
It is noteworthy that the ministry annually organizes a licensing round for private sector companies specialized in transporting types of fuel for the benefit of the ministries of oil and electricity.

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 Basra: Saad Al-Sammak
 
The National Oil Company, the oil giant in Iraq, announced, yesterday, Tuesday, that it will become the 100% operator of the transitional phase of the Artawi field within the integrated gas project agreement with the French company “Total”, revealing that the Council of Ministers approved the assignment of contracts for oil stations in several major fields in Basra Governorate. to international companies for development. The Director General of "Basra Oil Company" Khaled Hamza Al-Shara told "Al-Sabah": "The company operating the (Artawi) field has started developing projects for the transitional phase within the national oil agreement and the financing partner (Total Energy) of France," noting that "the development projects include the production of About 40,000 barrels per day of available energy, estimated at 85,000 barrels per day, a record surplus, in addition to maintenance work and the completion of pipelines transporting crude from the field to storage depots. He explained that "
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National Oil holds a meeting to discuss increasing the proven reserves of oil and gas
  
{Economic: Al Furat News} The National Oil Company held a meeting headed by Ihsan Abdul Jabbar Ismail, the company’s president, and in the presence of the two vice presidents and members of the board, to discuss increasing the proven reserves of oil and gas

The ministry stated in a statement that {Euphrates News} received a copy of it, that "the meeting's agenda included discussing the mechanisms for updating the national energy strategy for the year 2015 in line with the directions and plans of the national oil in developing and developing the oil industry in Iraq, and the variables and expectations in the global energy markets."

The statement added, "In this meeting, the company's plans to increase exploratory drilling activity were discussed in order to increase and enhance the proven reserves of oil and gas, and to accelerate the development of the Cruz gas field in the Western Desert of Anbar Governorate."

In a related context, the meeting discussed plans to start operating the crutch gas field by the national effort as a first stage to enhance gas supplies, and in preparation for attracting global investments in this framework. The meeting was attended by the company's vice presidents, council members and officials of oil companies. 

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