Global platform: The Iraqi Oil Minister gives conflicting timetables to increase oil capabilities

[yota691]

A meeting between the Minister of Oil and the President of 'BP'.. towards increasing the production of the Rumaila oil field

2022.05.26 - 09:15

 

Baghdad - people  

On Thursday, Oil Minister Ihsan Abdul-Jabbar discussed with BP CEO Bernard Looney mechanisms to increase production in the Rumaila field to (1,700) million barrels and invest the associated gas.  

 

  

And the Ministry of Oil stated in a statement that "Nass" received a copy of it (May 26, 2022), that "Oil Minister Ihsan Abdul-Jabbar Ismail met in the British capital, London, CEO of (BP) Bernard Looney, and during the meeting, mechanisms to support development plans and programs for the field were discussed. Rumaila oil in southern Iraq, in order to achieve the goal of peak production of (1,700) million barrels per day.  

  

The two sides also discussed "the programs of assistance and support provided by the energy giant in the world to invest the gas associated with oil operations in the Rumaila oil field, in a way that contributes to providing the available quantities of invested gas to support the energy sector in Iraq, as well as maximizing the national return, in addition to achieving requirements for preserving the environment." and public health, and opportunities for cooperation in the field of clean energy were also discussed.  

[yota691]

Iraq seeks to raise the production of the Rumaila field to 1.7 million barrels per day

• Time: 05/26/2022 10:41:31
•  
• Reading: 715 times

  

{Economic: Al Furat News} Oil Minister Ihsan Abdul-Jabbar announced that Iraq is seeking to increase crude oil production in the Rumaila field in the south of the country, in cooperation with British Petroleum "BP".

A statement by the Ministry of Oil, and Al Furat News received a copy of it, stated that "Iraq's plans are to increase the production of the Rumaila field to 1.7 million barrels per day," from 1.5 million at the present time.

The statement stated, "The Minister of Oil met in London with the CEO of BP, Bernard Looney, to discuss increasing production in the field located in the southern province of Basra."

Baghdad has accelerated the pace of developing oil fields and drilling new wells, to boost its oil production to an average of 6 million barrels per day by 2025.

Iraq is the second largest producer of crude oil in the Organization of Petroleum Exporting Countries "OPEC" after Saudi Arabia, with an average daily production of 4.5 million barrels per day.

[yota691]

The Iraqi Oil Minister is studying with France's Total the timing of implementing joint projects

The Iraqi Oil Minister meets a group of French companies for energy and construction

 May 26, 2022 02:06 PM

Mubasher: The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, met in the French capital, Paris, the CEO of the French company Total, Patrick Pouyanne.

During the meeting, according to a statement by the Ministry of Oil today, Thursday, they discussed programs and job opportunities and joint cooperation in implementing oil and energy sector projects, and agreed on the timing of implementing a number of joint projects.

The ministry indicated that the joint projects whose implementation timings were discussed include a project to invest associated gas in a number of oil fields in southern Iraq, a solar energy project, a project to develop the Artawi field and increase production from it, and a project to transfer sea water to support the operations of sustaining and increasing production in the oil fields.

The meeting was attended by a number of Total officials, in addition to the ministerial delegation accompanying the Minister of Oil.

In the same context, the Minister of Oil met with a group of French companies for energy and construction; To discuss opportunities for cooperation to implement projects to improve infrastructure and increase production.

The Minister of Oil stressed Iraq's keenness to expand and enhance cooperation prospects with French and international companies. To advance the oil and energy sector, in line with the rapid developments in these areas.

During his meeting with the French group of companies for energy and construction, the minister said that the ministry is working to increase the volume of investments in the oil and energy sector, especially in developing infrastructure and investing in gas and clean energy. renewable energy, and improving the oil working conditions and environment, in line with global development in these areas.

[yota691]

Oil Minister: $114 per barrel of oil is 'little'.. and after the OPEC agreement is worrying

2022.05.27 - 12:38

Baghdad - people  

Iraqi Oil Minister Ihsan Ismail said, on Friday, that the price of 114 dollars for Brent oil is low , " if we take into account the inflation rate and the high prices of services and consultations ."  

  

  

Ismail is currently visiting Paris to hold a number of events, including talks with the President of " Total Energy " Patrick Pouyanne, and to meet with members of the Businessmen Association, which includes heads of major companies, Medef , and today he will meet with French Foreign Minister Catherine Colonna .  

  

In an interview conducted by Al- Nahar Al - Arabi website with the Iraqi minister, followed by “ Nass ” , Ismail said in response to Western pressure to reduce energy prices by saying : “ Instead of the West putting pressure on poor people, it should reduce taxes on gasoline prices in his country, where 60 percent of Its cost is taxes, wages and fines on the oil industry ."  

  

Washington pressure  

And regarding the United States’ pressure to increase OPEC production, he said : “ Any demand for oil finds the appropriate supply, so there is no shortage . ”With regard to refineries, we did not find any shortage in any refinery, all the excess production capacities in all refineries are currently in use, and we in OPEC do not cause any shortage of supplies .”  

  

Regarding his expectations after the end of the OPEC agreement to increase 40,000 barrels per day in September , he said : “ I do not know what will happen and I am afraid of what will happen because the talk about the excess production capacities is only about Saudi Arabia, the UAE and Russia, and the talk is that it is at the level of one million barrels, but I am not sure what It will happen. Iraq has an excess production capacity of about 250 thousand 300 thousand barrels per day and by the end of 2023 we will be able to increase it to one million barrels But some investments have been delayed . Our production today is 4.7 million barrels, and our goal is to reach 8 million barrels by the end of 2027. We had previously planned to reach 12 million barrels, but we returned to the goal of 8 million . We may reach 6 million barrels per day in 2025."  

  

And about how the Iraqi Oil Ministry has overcome the political obstruction in Iraq to continue its projects, he said : " Contracts and businesses in companies have no relationship with the caretaker government and have self-financing ."  

  

  

The crisis with the region  

On the Iraqi government's relationship with the Kurdistan region after the Federal Court's decision to consider the export of oil from Kurdistan unconstitutional, he replied that " the ministry must implement the government's decision, and the issue is sensitive and I do not want to comment ."   

  

With regard to gas imported from Iran and reducing the quantities due to Iraq's failure to pay the cost of this gas, he said : " Iran has the right to demand that we pay the price of the imported quantities, and we also have the right to demand that Iran provide us with the expected quantities . Iran's demand is natural, for Russia, for example, cut its supplies to two countries that were late in Paying the price of their gas purchases. Iran is asking us for more than one billion and five hundred million dollars and we did not pay and Iran has not adhered to the contract in terms of quantities, and so far the relationship is good and we cannot blame Iran because we are also negligent. Now they export to us 35 million cubic meters of gas per day and it is imposed 50 million meters per day, but in the end we did not find a cheaper source than this contract ."    

  

Regarding Iraq’s projects in the field of gas production, Ismail explained that “ Basra Gas Company is currently being implemented in partnership with Shell and Mitsubishi, which is currently implementing two trains. Our gas production will reach 600 million cubic feet in 2025 , but we will need to import for three months, which will not dispense with importing ."  

  

Regarding the Iraqi oil contract with Lebanon, he said, " Lebanon now takes 80,000 tons of fuel oil per month . They take oil and market it in the market with oil that matches their standards, and Lebanon will pay for this oil for services, not money, after a year. It is a kind of help ."  

  

Ismail said : " We have two projects for an oil pipeline from Basra to Aqaba, first passing from Basra to Haditha with an export capacity of two million barrels, and from Haditha to Aqaba one million barrels, but the normal operations are to export 200,000 barrels .  The line to Aqaba is advanced, But not before 2025, and Another project that is currently under consideration is the export pipeline from Haditha to Ceyhan in Turkey, with a capacity of one million barrels .   

  

And he announced that the Iraqi financial balance, which rose to 90 billion dollars, will be allocated 20 billion for emergencies, and also " we will support the ration and electricity plan ."  

  

Attitude towards the war on Ukraine  

Regarding Iraq's position on the war in Ukraine, he said : " Our position is neutral. We have applied sanctions on trade with Russian companies, but Russia's Gazprom and Lukoil continue their work in Iraq, and we have a partnership with Russia in OPEC + and we are committed to that ."   

  

And the giant contract to invest $ 27 billion With “ Total ” in three projects in Basra to develop the Ratawi oil field, a sea water pumping project and a site for the production of associated gas in the southern fields, he said that there is a discussion about quotas because “ Total ” wants to include partners with it , and there is no disruption. They will start implementation on July 30   ( July ) and they enter the new partner before June 20 ( June ) , tell us who the partner is, but we don't want to reveal it ." 

[6ly410]

il minister: $114 per barrel of oil 'little'. the post-opec agreement is worrying

2022.05.27 - 12:38

like 1 

oil minister: $114 per barrel of oil 'little'. the post-opec agreement is worrying (nasnews.com)

  

baghdad - nas  

iraqi oil minister ihsan ismail said friday that the price of $114 for brent oil is low "taking into account inflation and high prices of services and consultancy."  

  

  

Ismail is currently in Paris for a number of events, including talks with Total Energy President Patrick Buyani, a meeting of members of the BusinessMen's Association, which includes the heads of major companies Medef, and french Foreign Minister Catherine Colonna.  

  

"instead of pressuring poor people, the west should reduce taxes on gasoline prices in their countries, where 60 percent of their cost is taxes, wages and fines on the oil industry," ismail said in an interview with the arab day website.  

  

washington pressure  

"any demand for oil finds the right supply, there is no shortage," he said, when asked about the shortage that would occur with russian oil sales in europe.  

  

on his post-opec forecast of an increase of 40,000 barrels per day in september, he said: "i don't know what will happen and i'm afraid of what's going to happen because talking about excess production capacity is just about saudi arabia, the uae and russia, and talking about it at a level of one million barrels, but i'm not sure what's going to happen. iraq has an excess production capacity of 250,300,000 barrels per day and by the end of 2023 we will be able to increase it to 1 million barrels, but some investments have been delayed. our production today is 4.7 million barrels and ourtarget is 8 million barrels by the end of 2027. we had previously planned to reach 12 million barrels but we returned to the target of 8 million. we could reach 6 million barrels per day in 2025," he said.  

  

"contracts and businesses in companies have nothing to do with the caretaker government and have self-financing," he said.  

  

  

crisis with the region  

"the ministry should implement the government's decision and the issue is sensitive and i do not want to comment," he said.   

  

as for gas imported from iran and the reduction in quantities due to iraq's failure to pay for it, he said: "iran has the right to ask us to pay for imported quantities, and we have the right to ask iran to provide us with the expected quantities. iran's demand is normal, for example, russia has cut off supplies to two countries that have delayed paying for their gas purchases. iran is asking us for more than one billion and five hundred million dollars and we have not paid and iran has not complied with the contract in terms of quantities, and so far the relationship is good and we cannot punish iran because we are also failing. now they export us 35 million cubic meters per day of gas and 50 million meters a day, but in the end we have not found a cheaper source than this contract."   

  

"basra gas company is currently implementing in partnership with shell and mitsubishi, which is currently implementing twotrains and our gas production will reach 600 million cubic feet in 2025, but we still need imports for three months, it will not dispense with imports," ismail said.  

  

on iraq's oil contract with lebanon, he said, "lebanon now takes 80,000 tons per month of fuel oil. "they take oil and market it on the market with oil that meets their standards, and lebanon will pay for this oil services, not money after a year, it's kind of help."  

  

ismail said: "we have two oil pipeline projects from basra to aqaba that first pass from basra to haditha with an export capacity of two million barrels and from haditha to aqaba one million barrels, but normal operations are to export 200,000 barrels. the line to aqaba is advanced, but not before 2025, andthe other project, which is currently under consideration, is an export pipeline from haditha to ceyhan in turkey with a capacity of one million barrels."   

  

iraq's financial balance, which has risen to 90 billion dollars, will be allocated20 billion dollars for emergencies and "we will support the supply and electricity plan," he said.  

  

position on the war on ukraine  

"our position is neutral, we have applied sanctions on trade with russian companies, but gazprom and luke oil are continuing their work in iraq and we have a partnership with russia in opec and we are committed to that," he said.   

  

on the giant contract to invest$27 billion with total in three projects in basra to develop the ratawi oil field, the seawater pumping project and an accompanying gas production site in the southern fields, he said there is a discussion about quotas because total wants to introduce partners with it "and there is no disruption will start implementation on july 30 and enter the new partner before june 20." let us know who the partner is, but we don't want to reveal it."  

  

[6ly410]

 

[6ly410]

/ Iraq and France discuss cooperation between the two countries in the fields of clean energy

Posted 40 seconds ago

 

news sourceIraqi media news agency "conscious"

/ Iraq and France discuss cooperation between the two countries in the areas of clean energy - Iraq News (iraqakhbar-com.translate.goog)

/ Baghdad / m. a

Oil Minister Ihsan Abdul-Jabbar met, on Saturday, with French Foreign Minister (Catherine Colonna), and during the meeting, they discussed prospects for joint cooperation between the two countries in the fields of clean energy and other fields.

The minister stressed, in a statement received by (Iraqi Information News Agency /), that the depth of relations between Iraq and France and the importance of consolidating them and strengthening community and regional peace, emphasizing the convergence of views regarding the future of energy in the world and the need to harmonize plans to enhance oil and gas production capacities with the need of importing countries. Especially the big countries.

Abdul Jabbar said that Iraq has many plans and projects to develop the production sectors, the clean energy sector, and the optimal investment for gas by strengthening joint cooperation with specialized international companies, noting that Iraq is working to increase production as a first stage (5) million barrels per day by the year 2025 and (8). Millions of barrels per day by 2028.

The minister pointed to the need for cooperation in the field of clean energy, especially since France has a scientific precedent in a number of energy technologies and methods, in addition to the contribution of French scientific institutions in opening a French university in Baghdad, stressing the importance of opening a center for training and developing high skills in Basra because of the importance of this in strengthening services the local community for employment opportunities.

For her part, the French Foreign Minister expressed her country's desire to enhance prospects of cooperation and bilateral relations between the two countries in a way that serves the common interests.

She pointed to the importance of dealing with Baghdad in the field of the oil and gas industry for the whole country and the importance of the file from a strategic point of view and in a way that achieves the interests of all parties within the federal state.

The meeting was attended on the Iraqi side by the Chargé d'Affairs of the Iraqi Embassy, the Director-General of the Marketing Company, the General Manager of the Basra Oil Company and the Ministry's Advisor for Energy Affairs, and on the French side, the French ambassador to Iraq, the Secretary-General of the Ministry of Foreign Affairs and a number of advisors.

 

 

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Iraqi Oil Minister: France's visit aims to secure more investments in oil

Posted 27 seconds ago

 

Iraqi Oil Minister: France's visit aims to secure more investments in oil - Iraq News (iraqakhbar-com.translate.goog)

 

news sourcenoon agency

 

The Iraqi Oil Minister, Ihsan Ismail, said that a visit to France is an attempt to secure more investments in the fields of oil and energy in Iraq.

Ismael, who has been visiting France since Wednesday and will leave tomorrow, said that the visit "aims to meet representatives of important companies and deliver a commercial message to them to participate more in the Iraqi market."

"We have a huge oil industry and we want more players and more competition," he added.

The Iraqi minister said that "Iraq's production capacity is 4.8 million barrels per day, and it produces between 4.4 and 4.5 million barrels per day." He explained, "The goal is to reach 8 million barrels by the end of 2027 and 5 million barrels by 2025."

He added, “We use about a million barrels and export the rest. At the moment we are exporting 3.4 million barrels.”

Ismail held talks with officials from the French employers' association "MEDEF", with the CEO of the French "Total Energy" group, Patrick Pouyani, and with the Ministry of Energy Transition.

Total Energy did not want to comment on the meeting, knowing that it had signed a $10 billion contract in 2021 in Iraq, announcing its return to the country where it began its activities in the 1920s.

Total Energy currently owns 22.5 percent of the Halfaya oil field, which produced about 20,000 barrels per day of Total Energy's share in 2020.

Iraq has huge reserves of oil, and is the second country in the Organization of Petroleum Exporting Countries (OPEC

[6ly410]

Iraq intends to raise its oil production by 5 million barrels per day by 2025

Posted 27 seconds ago

 

العراق ينوي رفع إنتاجه النفطي 5 ملايين برميل يومياً بحلول 2025 - اخبار العراق (iraqakhbar-com.translate.goog)

 

news sourceTigris channel

News source / Dijla channel

 

On Saturday, Oil Minister Ihsan Abdul-Jabbar announced Iraq's intention to raise the ceiling of its oil production to 5 million barrels per day by 2025, and 8 million barrels per day in 2028.

Abdul-Jabbar said in a statement issued on the sidelines of his meeting with French Foreign Minister Catherine Colonna, and "Dijla" received a copy of it, that "Iraq has many plans and projects to develop the production sectors, the clean energy sector, and the optimal investment of gas by strengthening joint cooperation with specialized international companies." Noting that "Iraq is working to increase production, as a first stage, (5) million barrels per day by 2025 and (8) million barrels per day by 2028."

Abdul-Jabbar pointed to “the need for cooperation in the field of clean energy, especially since France has a scientific precedent in a number of energy technologies and methods, in addition to the contribution of French scientific institutions in opening a French university in Baghdad and stressing the importance of opening a center for training and developing high skills in Basra because of the importance of this in Strengthening local community services to obtain job opportunities.

For her part, the French Foreign Minister expressed, according to the statement, "her country's desire to enhance prospects for cooperation and bilateral relations between the two countries in a manner that serves common interests," stressing "the importance of dealing with Baghdad in the field of the oil and gas industry for the whole country and the importance of the file from a strategic point of view and in a manner that achieves the interests of all parties." within the federal state.

 

 

 

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[6ly410]

oil minister: we are considering increasing production to 5 million barrels per day in early 2025

•  time: 2022/05/28 15:30:36
•  
•  oil minister: we are considering increasing production to 5 million barrels per day in early 2025 - euphrates news (alforatnews.iq)

oil minister ihsan abdel jabbar ismail met with french foreign minister catherine colonna to discuss prospects for joint cooperation between the two countries in the fields of clean energy and other fields.

"the depth of relations between iraq and france and the importance of strengthening them and promoting community and regional peace, and the emphasis on the convergence of views on the future of energy in the world and the need to adapt plans to enhance oil and gas production capacities with the need of importing countries, especially large countries," abdul jabbar said in a statement received by the oil ministry.

"iraq has many plans and projects to develop the production, clean energy and optimal gas investment sectors by strengthening joint cooperation with specialized international companies," abdul jabbar said.

"there is a need for cooperation in the field of clean energy, especially since france has a scientific advance in a number of energy techniques and methods, in addition to the contribution of french scientific institutions to the opening of a french university in baghdad and the importance of opening a training and high skills development center in basra because of the importance of this in strengthening community services for employment opportunities," he said.

"our country wants to strengthen the prospects for cooperation and bilateral relations between the two countries in the interests of common interests," she said.

"the importance of dealing with baghdad in the oil and gas industry across the country and the importance of the file strategically and in the interests of all parties within the federal state," she said.

 

 

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الطاقة الدولية تؤكد على تعاملها مع بغداد حصراً - الفرات نيوز (alforatnews.iq)

 

 

international energy confirms its dealings with baghdad exclusively

•  time: 2022/05/27 22:48:48
•  
•  read: 2,522 times

  

the international energy organization (iea) has confirmed its dealings exclusively with baghdad.

according to a statement received by the ministry of oil received by the agency «euphrates news} a copy of it: "oil minister ihsan abdel jabbar, met in paris with the head of the international energy agency fatih birol, and during the meeting stressed the importance of the role played by iraq in the global energy file, and the need to unify national energy plans, and work to develop and rehabilitate oil and gas fields through integrated projects and to achieve the optimal investment of national wealth, especially since iraq has the ability to strengthen its position in the production of crude oil to ensure stability of the global energy and oil market."

"the iaea deals exclusively with baghdad as it has the authority, authority and ability to make legal decisions on the energy file internally and externally," he said.

 

 

[yota691]

Oil Minister: We are discussing increasing production to 5 million barrels per day in early 2025

• Time: 05/28/2022 15:30:36
•  
• Reading: 559 times

  

{Economic: Al Furat News} Oil Minister Ihsan Abdul-Jabbar Ismail met with French Foreign Minister Catherine Colonna, to discuss prospects for joint cooperation between the two countries in the fields of clean energy and other fields.

Abdul-Jabbar stressed, according to a statement by the Ministry of Oil, which {Euphrates News} received a copy of, "the depth of relations between Iraq and France and the importance of consolidating them and strengthening community and regional peace, emphasizing the convergence of views regarding the future of energy in the world and the need to harmonize plans to enhance oil and gas production capacities with the needs of countries. importers, especially large countries.

Abdul Jabbar said, "Iraq has many plans and projects to develop the production sectors, the clean energy sector, and the optimal investment for gas by strengthening joint cooperation with specialized international companies," noting that "Iraq is working to increase production as a first stage to (5) million barrels per day by the year 2025 and (8) million barrels per day by 2028.”

The minister pointed to "the necessity of cooperation in the field of clean energy, especially since France has a scientific precedent in a number of energy technologies and methods, in addition to the contribution of French scientific institutions in opening a French university in Baghdad and stressing the importance of opening a center for training and developing high skills in Basra because of the importance of this in promoting Local community services for job opportunities.

For her part, the French Foreign Minister expressed "her country's desire to enhance prospects for cooperation and bilateral relations between the two countries in a way that serves the common interests."

She pointed to "the importance of dealing with Baghdad in the field of the oil and gas industry for the whole country and the importance of the file from a strategic point of view and in a way that achieves the interests of all parties within the federal state."

[yota691]

 

Global platform: The Iraqi Oil Minister gives conflicting timetables to increase oil capabilities

 2022-05-30 01:57

 

Shafaq News/ The S&P Global Commodity Insights platform said that the Iraqi Oil Minister gave conflicting timetables to boost the country's oil production capacity.

 

The Iraqi Oil Minister said during his visit to France, in a statement issued on May 28, that Iraq is looking to increase oil production capacity to 5 million barrels per day by 2025, and to 8 million barrels per day by 2028, as the second largest oil producers seek OPEC to mobilize foreign investment to help develop oil fields.

 

In this regard, the platform said that the Iraqi minister said that on May 15, oil production will increase from 4.8 million barrels per day to 6 million barrels per day by 2027, and this number is less than the target of 8 million barrels per day. It was previously set for 2027.

Iraq is seeking the help of international oil companies to increase its ability to produce oil, but the political instability, investment climate, and energy transition trends impede its ability to attract sufficient foreign investment to the energy sector, where increasing insecurity, political stalemate and bureaucratic inefficiency threaten to accelerate the exit of international oil companies.

Iraq has struggled with technical problems at some major oil fields, but its crude production jumped to a two-year high of 4.43 million barrels per day in April, according to data from state federal oil marketing company SOMO.

During his visit to France, Ismail met Total Energies CEO Patrick Pouyanne and discussed accelerating the implementation of a $27 billion deal to develop four energy projects in southern Iraq.