Oil signed 4 contracts with the French Total

[yota691]

Oil signed 4 contracts with the French Total

2023.07.10 - 12:48

 

Baghdad - Nas  

On Monday, the Ministry of Oil signed four contracts with the French company Total for integrated oil and gas development and growth projects, while clarifying the details of the projects.  

 

Oil Minister Hayan Abdul-Ghani said in a speech during the signing ceremony of the contracts, which was reported by the official agency and followed by “NAS” (July 10, 2023), that “the signing of these contracts with the French company Total and its partners is important, as these efforts fall within the integrated South project, which includes Four major and large projects for the oil and gas sectors," noting that "the first of these projects is the use of the sea for reservoir support purposes, which is one of the projects with great economic feasibility and aims to provide sea water to support the reservoir pressure in the various oil fields."  

  

He added, "The other project is the investment of associated gas with a capacity of 600 million cubic feet per day, and it is divided into two phases, each phase 300 cubic metres." In addition to preserving the environment and health.  

  

He stated that "the third project is to develop the Artawi oil field and increase production from this field to more than 210 thousand barrels per day," pointing out that "the field produces special light oil with a degree of more than forty degrees and is considered one of the excellent fuels in the region," pointing out To, "The fourth contract project represents an important addition to the renewable energy sector in Iraq, which is the investment of solar energy with a capacity of one gigawatt, or 1,000 megawatts. It is one of the largest energy consolidation projects in the region and the real start for renewable energy investment in Iraq."  

  

And he continued, "The achievement of the requirements of these fields has received a lot of work, study and discussion, and it took a lot of time and effort. The teams and groups for negotiation and training for the team representing the Ministry and the team representing Total have made a lot of effort and youth work, to reach a path that satisfies all parties concerned." He pointed out that "these contracts were carried out with the care of the Council of Ministers, led by Prime Minister Muhammad Shia'a al-Sudani, who was keen to follow up and focus on all concerned parties to overcome obstacles, difficulties and procedures to fulfill the requirements of this fuel."  

  

And between: "We will proceed with Total and with all partners to serious and fruitful cooperation in order to proceed with the implementation of these contracts on the ground in order to harvest the fruit of this cooperation and success and achieve the great achievement in service of the common interest, which will reflect positively on the reality of the oil industry, foreign affairs, energy and Iraq."  

[yota691]

After signing contracts with the Ministry of Oil.. Al-Sudani receives the President of Total Energies

2023.07.10 - 13:41

 

Baghdad - Nas  

The Prime Minister, Mohamed Shia Al-Sudani, confirmed on Monday that the Total contract and the fifth licensing round are part of the gas investment vision.  

  

The media office of the Prime Minister stated in a statement, which “NAS” received a copy of, (July 10, 2023), that “Prime Minister Muhammad Shia’ al-Sudani received today the CEO of the French Total Energies group, Patrick Pouyanne,” noting that “during the meeting, Discuss aspects of cooperation within the contract concluded recently between Iraq and Total.  

  

And the prime minister blessed "the start of the executive steps on the ground."  

  

He stressed that "the government has come a long way with commitments and reaching this stage," pointing out that "the contract with the company and the fifth licensing round fall within the strategic vision for gas investment, which Iraq was late in initiating its investment."  

  

Al-Sudani renewed, "the government's approach towards concluding serious partnerships with major companies in terms of investing in natural resources, and benefiting from associated gas in particular."  

  

For his part, Pouyanne indicated, "his company's orientation towards broad cooperation with Iraq, its confidence in partnership in the fields of energy, and investment in promising and ambitious sectors in this field," stressing that "the company's technical teams will start their work in their locations within days."  

  

The Ministry of Oil signed, earlier, four contracts with the French company Total for integrated oil and gas development and growth projects, while clarifying the details of the projects.  

  

Oil Minister Hayan Abdul-Ghani said in a speech during the signing ceremony of the contracts, which was reported by the official agency and followed by “NAS” (July 10, 2023), that “the signing of these contracts with the French company Total and its partners is important, as these efforts fall within the integrated South project, which includes Four major and large projects for the oil and gas sectors," noting that "the first of these projects is the use of the sea for reservoir support purposes, which is one of the projects with great economic feasibility and aims to provide sea water to support the reservoir pressure in the various oil fields."    

  

He added, "The other project is the investment of associated gas with a capacity of 600 million cubic feet per day, and it is divided into two phases, each phase 300 cubic metres." In addition to preserving the environment and health.    

  

He stated that "the third project is to develop the Artawi oil field and increase production from this field to more than 210 thousand barrels per day," pointing out that "the field produces special light oil with a degree of more than forty degrees and is considered one of the excellent fuels in the region," pointing out To, "The fourth contract project represents an important addition to the renewable energy sector in Iraq, which is the investment of solar energy with a capacity of one gigawatt, or 1,000 megawatts. It is one of the largest energy consolidation projects in the region and the real start for renewable energy investment in Iraq."    

  

And he continued, "The achievement of the requirements of these fields has received a lot of work, study and discussion, and it took a lot of time and effort. The teams and groups for negotiation and training for the team representing the Ministry and the team representing Total have made a lot of effort and youth work, to reach a path that satisfies all parties concerned." He pointed out that "these contracts were carried out with the care of the Council of Ministers, led by Prime Minister Muhammad Shia'a al-Sudani, who was keen to follow up and focus on all concerned parties to overcome obstacles, difficulties and procedures to fulfill the requirements of this fuel."    

  

And between: "We will proceed with Total and with all partners to serious and fruitful cooperation in order to proceed with the implementation of these contracts on the ground in order to harvest the fruit of this cooperation and success and achieve the great achievement in service of the common interest, which will reflect positively on the reality of the oil industry, foreign affairs, energy and Iraq."    

[yota691]

Iraq and Total sign an agreement worth 27 billion dollars, after years of waiting

• Time: 07/10/2023 12:09:03
•  
• Read: 2,145 times

  

{Economic: Al Furat News} Iraq and French giant Total Energy signed today, Monday, a long-awaited $27 billion energy agreement aimed at increasing oil production and enhancing the country's ability to produce electricity with four oil and gas projects and renewable energy sources.

The deal was signed in 2021 with initial investments of $10 billion in southern Iraq over a period of 25 years, but it was postponed amid disagreements between Iraqi politicians over the terms.

On Monday, Total Energy Chairman and CEO Patrick Pouyanne signed the agreement with Iraqi Oil Minister Hayan Abdul Ghani at a ceremony in the capital, Baghdad, where Pouyanne hailed it as a "historic day."

The deal closed in April, when Iraq agreed to take a smaller than initially required 30% stake in the project, with Total Energies taking the 45% stake and Qatar Energy the remaining 25%.

The Gas Growth Integrated Project (GGSIPU) aims to improve the country's electricity supply, including by recovering flared gas in three oil fields to supply power stations.

Total Energy said it would also develop a 1-gigawatt solar power plant to supply electricity to the Basra regional grid, and invited Saudi company ACWA Power to join the project.

[yota691]

The Minister of Oil reveals the details of the contracts with Total

• Time: 07/10/2023 12:45:13
•  
• Read: 923 times

  

{Economic: Al Furat News} Today, Monday, the Ministry of Oil signed four contracts with the French company Total for integrated oil and gas development and growth projects, while the details of the projects were clarified.

Oil Minister Hayan Abdul-Ghani said in a speech during the signing ceremony of the contracts, "Signing these contracts with the French company Total and its partners is important, as these efforts fall within the integrated South project, which includes four major and large projects for the oil and gas sectors," noting that "the first These projects are the use of the sea for the purposes of reservoir support, which is one of the projects with great economic feasibility and aims to provide sea water to support the reservoir pressure in the various oil fields.

He added, "The other project is the investment of associated gas with a capacity of 600 million cubic feet per day, and it is divided into two phases, each phase 300 cubic metres." In addition to preserving the environment and health.

He stated that "the third project is to develop the Artawi oil field and increase production from this field to more than 210 thousand barrels per day," pointing out that "the field produces special light oil with a degree of more than forty degrees and is considered one of the excellent fuels in the region," pointing out To, "The fourth contract project represents an important addition to the renewable energy sector in Iraq, which is the investment of solar energy with a capacity of one gigawatt, or 1,000 megawatts. It is one of the largest energy consolidation projects in the region and the real start for renewable energy investment in Iraq."

He stated that "the fulfillment of the requirements of these fields has received a lot of work, study and discussion, and it took a lot of time and effort. The teams and groups for negotiation and training for the team representing the Ministry and the team representing Total have made a lot of effort and youth work, in order to reach a path that satisfies all concerned parties." Pointing out that "these contracts were carried out with the care of the Council of Ministers, led by Prime Minister Muhammad Shia'a al-Sudani, who was keen to follow up and focus on all concerned parties to overcome obstacles, difficulties and procedures to fulfill the requirements of this fuel."

And between: "We will proceed with Total and with all partners to serious and fruitful cooperation in order to proceed with the implementation of these contracts on the ground in order to harvest the fruit of this cooperation and success and achieve the great achievement in service of the common interest, which will reflect positively on the reality of the oil industry, foreign affairs, energy and Iraq."

[yota691]

"Long awaited"... Iraq and France's Total sign an energy deal worth $27 billion

2023-07-10 05:01

Shafaq News/ Iraq and the French giant Total Energy signed, on Monday, a long-awaited $27 billion energy agreement aimed at increasing oil production and enhancing the country's ability to produce electricity with four oil and gas projects and renewable energy sources.

 

The deal was signed in 2021 with initial investments of $10 billion in southern Iraq over a period of 25 years, but it was postponed amid disagreements between Iraqi politicians over the terms.

 

On Monday, Total Energy Chairman and CEO Patrick Pouyanne signed the agreement with Iraqi Oil Minister Hayan Abdul Ghani at a ceremony in the capital, Baghdad, where Pouyanne hailed it as a "historic day."

 

The deal closed in April, when Iraq agreed to take a smaller than initially required 30% stake in the project, with Total Energies taking the 45% stake and Qatar Energy the remaining 25%.

 

The Gas Growth Integrated Project (GGSIPU) aims to improve the country's electricity supply, including by recovering flared gas in three oil fields to supply power stations.

Total Energy said it would also develop a 1-gigawatt solar power plant to supply electricity to the Basra regional grid, and invited Saudi company ACWA Power to join the project.

[yota691]

Al-Sudani on the French deal: We have come a long way to reach this stage

2023-07-10 06:28

Shafaq News/ The Iraqi Prime Minister, Mohamed Shiaa Al-Sudani, received the head of the French company Total Energies, after signing a deal worth 27 billion dinars earlier today, Monday.

 

His media office said, in a statement received by Shafaq News Agency, that Al-Sudani received, today, the CEO of the French Total Energies Group, Mr. Patrick Pouyanne, explaining that during the meeting they discussed aspects of cooperation within the recently concluded contract between Iraq and Total.

 

Al-Sudani blessed the start of the implementation steps on the ground, and stressed that the government had made great strides with commitments and reaching this stage, indicating that the contract with the company and the fifth licensing round fall within the strategic vision for gas investment, which Iraq was late in initiating its investment.

 

He renewed the government's direction towards concluding serious partnerships with major companies with regard to investing in natural resources, and benefiting from associated gas in particular.

 

For his part, Pouyanné indicated his company's direction towards broad cooperation with Iraq, its confidence in partnership in the fields of energy, and investment in promising and ambitious sectors in this field, stressing that the company's technical teams will begin their work in their locations within days.

 

  Shafaq News/ Iraq and the French giant Total Energy signed, on Monday, a long-awaited $27 billion energy agreement aimed at increasing oil production and enhancing the country's ability to produce electricity with four oil and gas projects and renewable energy sources.

[JonnyV]

Oil law regarding foreign companies coming in must be completed in order to do this.  Who would go in Iraq without that being completed first.  It’s the oil profit sharing component that they are discussing now I guess.  

[horsesoldier]

Nothing to get overwhelmed or excited about gang...it's only hair oil.🤣 

Edited July 10, 2023 by horsesoldier

[6ly410]

 

[screwball]

11 hours ago, yota691 said:

company and the fifth licensing round fall within the strategic vision for gas investment, which Iraq was late in initiating its investment.

now for those that have been paying attention this was awarded to TOTAL back in 2013, when they were talking bout deleting zeros and launching biggest budget in history, so now that are launching this investment???????????? i find this timing interesting, did they launch bck in 2013 and hold because of rate and zeros???

[screwball]

remember two budgets, general and supplementary, supplementary was for social security and reconstruction??

[yota691]

Signing four contracts with France's Total for the development of oil and gas

second and third  2023/07/11

 

 

  Baghdad: morning

 

Yesterday, Monday, Iraq signed four contracts with the French company “Total” for oil and gas development and growth projects, and to enhance the country’s ability to produce electricity. They fall within the gas investment vision. 

A statement from his office stated, “Al-Sudani received the CEO of the French Total Energies Group, Patrick Pouyanne, and during the meeting they discussed aspects of cooperation within the recently concluded contract.” 

And the prime minister blessed, according to the statement, “the start of operational steps on the ground.” 

He stressed, "The government has come a long way with commitments and reaching this stage," pointing out that "the contract with the company and the fifth licensing round fall within the strategic vision for gas investment, which Iraq was late in initiating its investment." 

Al-Sudani renewed, "the government's approach towards concluding serious partnerships with major companies with regard to investing in natural resources, and benefiting from associated gas in particular." 

For his part, Pouyanne said, "His company's orientation towards broad cooperation with Iraq, its confidence in partnership in the fields of energy, and investment in promising and ambitious sectors in this field," stressing that "the company's technical teams will begin their work in their locations within days." 

In the same context, the Ministry of Oil signed contracts with the French company Total, to develop oil and invest in gas and renewable energy. 

Oil Minister Hayan Abdul-Ghani said, in a speech during the signing ceremony of the contracts: “Signing these contracts with the French company Total and its partners is important, as these efforts fall within the integrated South project, which includes four major and large projects for the oil and gas sectors,” noting that “ The first of these projects is the use of the sea for the purposes of reservoir support, which is one of the projects with great economic feasibility and aims to provide sea water to support the reservoir pressure in the various oil fields. 

He added, “The other project is the investment of associated gas with a capacity of 600 million cubic feet of cubic feet per day, and it is divided into two phases, each phase 300 cubic feet,” noting that “the third project is to develop the Artawi oil field and increase production from this field to more than 210,000 barrels.” per day,” pointing out that “the field produces special, light oil with a degree of more than forty degrees, and it is considered one of the excellent fuels in the region.” 

And the Minister of Oil added, "The fourth contract project represents an important addition to the renewable energy sector in Iraq, which is the investment of solar energy with a capacity of one gigawatt, or 1,000 megawatts. It is one of the largest energy unification projects in the region and the real beginning of renewable energy investment in Iraq." 

[yota691]

Oil sets the date for the start of the four gas projects contracted with the French Total

07/11/2023 - 11:21

 

Baghdad - Nas  

The Ministry of Oil announced, on Tuesday, the start date of the four gas projects contracted with the French company Total, while indicating that government directives are to expedite the implementation of projects.  

  

The Undersecretary for Extraction Affairs, Bassem Muhammad Khudair, said, in a statement to the official agency, followed by “NAS”, (July 11, 2023), that “among the ministry’s plans is to conclude a contract with Total to provide quantities of the required gas and end part of the flared gas file,” noting that "The contract includes four important projects."  

  

He explained that "the four projects include the Artawi field development project, the gas collection project from the Majnoon and West Qurna two fields and other fields, as well as the sea water project, which is a very important project, in addition to the project to establish an electric power plant with a capacity of 1,000 megawatts, and uses solar energy in line with Oil industry practices using clean energy and reducing gas emissions.  

  

He pointed out that "the directives of the federal government and the Ministry of Oil recommended speeding up the implementation of the four projects in parallel," noting: "After a month, practical steps will begin on the ground, such as establishing infrastructure, and it is hoped, according to studies, after 3 years, that we will reap the fruits of these projects."  

  

Yesterday, Monday, the Ministry of Oil signed four contracts with the French company Total for integrated oil and gas development and growth projects, while confirming that the first of these projects is the use of the sea for reservoir support purposes, which is one of the projects with great economic feasibility and aims to provide sea water to support reservoir pressure in oil fields. The other project is the investment of associated gas with a capacity of 600 million standard cubic feet per day, and it is divided between two phases, each phase 300 cubic meters.  

  

She added, "The third project is to develop the Artawi oil field and increase production from this field to more than 210,000 barrels per day," pointing out that "the field produces special light oil with a degree of more than forty degrees and is considered one of the excellent fuels in the region," pointing to "The fourth contract project represents an important addition to the renewable energy sector in Iraq, which is the investment of solar energy with a capacity of one gigawatt, or 1,000 megawatts. It is one of the largest energy consolidation projects in the region and the real beginning of renewable energy investment in Iraq."  

[yota691]

America supports the Iraqi energy deal with "Total" and considers it a "giant step"

2023-07-12 05:03

Shafaq News / The White House welcomed, on Wednesday, the completion of Iraq's unprecedented integrated gas growth project (GGIP) with the French company TotalEnergies, while the US State Department considered the deal a "giant step" towards energy independence and enhancing its security in the country.

 

In a statement translated by Shafaq News Agency, the White House considered the huge Iraqi deal that was officially signed this week with the French company, which will include the participation of regional and American companies, "a major step towards achieving energy self-sufficiency in Iraq and achieving its climate goals."

 

"Once the project is completed, Iraqis will benefit from increased domestic electricity supply and reduced health problems associated with the harmful practice of gas flaring," he added.

 

And the White House quoted Jake Sullivan, the US National Security Adviser, as confirming the United States' support "fully" for Iraq's continued efforts to enhance domestic flexibility and diversify energy supplies, including through broader integration into the Middle East region.

 

Sullivan added, "The Energy and Gas Capture Project, along with ongoing programs to connect Iraq's electricity grid to grids in the GCC and Jordan, will significantly enhance Iraq's energy security and electricity grid reliability for the benefit of the Iraqi people."

 

The National Security Adviser concluded by saying, "We will continue to work closely with the government of Prime Minister Mohammed Shia al-Sudani to help ensure that Iraq's abundant natural resources benefit its people and meet their needs."

 

For its part, the US State Department considered the deal concluded by the Iraqi government with the "Total Energy" company as a "giant step" towards energy independence and enhancing its security in the country.

 

"We support Iraq's efforts to achieve energy independence and improve service delivery," said State Department spokesman Matthew Miller in a statement today.

 

Miller added, in a press conference, that the Iraqi energy deal with Total Energies is a giant step towards enhancing energy security in Iraq and providing economic opportunities for all Iraqis.

 

The Iraqi Oil Ministry and Total recently signed a $27 billion contract for four oil and gas projects and renewable energy projects.

[yota691]

The Arab project welcomes the Sudanese steps to solve the electricity crisis

• Time: 07/12/2023 17:27:10
•  
• Read: 1,001 times

  

{Local: Al-Furat News} Secretary-General of the Iraqi National Project, Jamal Al-Dari, welcomed today, Wednesday, the steps of Prime Minister Muhammad Shia'a Al-Sudani to solve the electricity crisis.

 

Al-Dhari said, in a tweet on Twitter, that: “While the Sudanese government is making commendable efforts to solve the electric power crisis, we welcome the steps it has taken to confront the electric power crisis in the near term in a real, permanent and fundamental way, and we also welcome the historic agreement concluded with French company Total.

He added, "We all hope that it will be the beginning of a new phase of exploiting human and natural resources to build national sources of energy, which will alleviate the suffering of the Iraqis, and enhance our national security and the sovereignty of our national decision."

[yota691]

worth $27 billion

New details revealed about the French Total contract with Iraq

2023.07.14 - 19:51

 

Baghdad - Nas  

The government is striving to boost the energy sector with additional capacity, as it recently signed a $27 billion agreement with the French company Total, aimed at increasing oil production and enhancing the country's ability to produce electricity through the implementation of four oil, gas and renewable energy projects.  

 

The Minister of Oil, Hayan Abdul-Ghani, said, "The project signed between Iraq and Total Energies is unique and has great importance, as it includes 4 main projects and not a single project, represented in the investment of oil that is produced from the Artawi field, which is distinguished by the production of light oil with a capacity of 210 thousand barrels per day." And the investment of gas from 5 oil fields, namely (Majnoon, West Qurna 2, Al-Luhais, Al-Toba, and Artawi) to invest up to 600 million cubic feet of gas.  

  

Support the national system  

  

He added, "This amount of gas will be harnessed to generate electric power in Iraq and reduce the quantities of gas that are imported from abroad."  

  

He pointed out, "The project involves a number of companies, namely Total and Qatar Gas Company, which entered at a rate of 25%, and one of the advantages of this project is the entry of solid, large and financially capable companies, in addition to the Basra Oil and South Gas Company."  

  

Economically promising project  

  

He stressed that "the project is economically promising and of great benefit to the local community," noting that "the project includes the use of sea water, in the sense of refraining from using river water in the reservoir support process."  

  

He explained, "The sea water will be filtered and pumped to the various stations with a capacity of 5 million barrels per day, which is the amount of water needed to support the reservoir pressure in the various oil fields to sustain production from these fields."  

  

Great yields  

  

Basim Abdul Karim, General Manager of the Basra Oil Company, says, "The two contracts for the GGIP project between the French Total and the Basra Oil Company, as well as between Total and the South Gas Company, are considered part of a total of four contracts for the development of the Artawi field, and the investment of 600 oilfields." National, Majnoon field and West Qurna 2 gas field, in addition to the sea water project, which produces 5 million barrels for the purpose of water injection operations and sustaining production in the oil fields in Basra, Maysan and Dhi Qar, while the fourth project is the electric power project, which produces 1000 megawatts.  

  

Abdel Karim added, "Electric energy and clean energy are part of the Total investment project," stressing that "these major projects have great returns."  

  

He pointed out, "The largest investment in the first degree is gas, according to the directives of the Prime Minister, in addition to the oil investment for the Artawi field and the construction of the clean energy project, as well as among the most important projects the sea water project, during which 5 million barrels of water are produced, which we inject into the oil fields for the sustainability of work and increase its production.  

  

He stressed, "There is a great development in these projects, and a lot of benefit has been made from the previous licensing rounds."  

  

Numerous agreements  

  

The Director General of the South Gas Company, Hamza Abdel-Baqi, says, "A loan agreement will be signed, which is a joint agreement between the South Gas Company and the Basra Oil Company, as well as with Total, in addition to activating the contract, and there is a letter that will be signed between the three parties today, to activate the contract."  

  

Abdel-Baqi added, "There are many agreements that will be signed between the Basra Oil Company and Total," pointing out, "The contract was signed a long time ago and was waiting for its activation, but several things took place that delayed the activation, and the matter was resolved by the decision of the Council of Ministers with the participation of Iraq by 30 percent." %, and also the entry of Qatar Gas on the line to contribute to this project.  

  

"official agency"  

[yota691]

Total projects will be completed during 2028 and 2029

Economical  2023/07/18

 

 

 Baghdad: Al-Sabah,

the Ministry of Oil announced, yesterday, Monday, in detail the four projects whose contracts were recently signed with the French company Total, and while it confirmed that it will achieve, in the first and second stages, 600 million cubic feet of gas, it set a date for its completion.

The Director General of the Department of Studies, Planning and Follow-up at the Ministry, Naseer Aziz Jabbar, told the Iraqi News Agency (INA): "The four projects whose contracts were signed with the French company Total are considered among the strategic projects that have completed all their studies," noting that "these projects will be achieved as a first stage in the range of 300 million standard cubic feet of gas.

He added, "In the second phase, it will become 600 million standard cubic feet of gas," noting that "this will not achieve sufficiency in gas due to the shortage in supplying power stations."

He stated that "these projects will be completed during the years 2028 and 2029," pointing out that "the government will participate in them with a value of one billion and 400 million dollars, of which its share is considered to be from these projects."

And he indicated that "the volume of investments is divided among four projects, each project has its own budget, as the gas project is worth one billion and 600 million dollars, the solar energy project is about 700 million dollars, and the sea water project is worth 3 and a half billion dollars," pointing out that "all the These projects will be about $13 billion in investments over the next 20 years.

[yota691]

Oil: Total contracts maximize revenues and develop the petroleum industry

Economical  2023/07/24

 

 

 The Ministry of

Oil stated that the contracts concluded with the French company Total will achieve a package of positive factors for the Iraqi economy, including the exchange of experiences and modern technology, the development of the oil industry, maximizing financial revenues and providing job opportunities, in addition to the most prominent importance of these contracts represented in stopping the flaring of gas and converting it into useful energy to supply national power stations and support petrochemical industries.

The official spokesman for the ministry, Assem Jihad, told Al-Sabah: “The agreement signed by the Ministry of Oil with the French company Total includes four important contracts that contribute to achieving sustainable development by investing gas with a capacity of 600 million standard cubic feet, in addition to placing huge financial investments in these projects.”

Jihad pointed out that the signed contracts bear great economic and strategic importance, through which the oil sector, the national economy and sustainable development can be supported, as this agreement includes a contract to transfer sea water, desalinate it and pump it to the oil fields or companies that extract oil, indicating the need for a barrel of water to extract a barrel of oil, and therefore this project will transfer and desalinate sea water with a capacity of up to 5 million barrels per day, indicating the importance of this step in preserving water wealth and harnessing it for agricultural and human uses as well.

And the official spokesman stated that the agreement also included the conversion of gas-burned energy that accompanies oil extraction into energy that supplies electrical stations and all gas-related industries, and this project aims to achieve an investment rate of gas in the amount of 600 million standard cubic feet per day, as this project is divided into two phases, each phase 300 cubic meters. Or 1 million cubic feet per day.

Jihad pointed out that the economic importance of the concluded agreement also lies in the development of the Artawi field in Basra Governorate, where Total produces from 80 to 90 to 210 thousand barrels per day.

As Jihad explained, the agreement will ensure the implementation of a project to benefit from solar energy at an amount of 1,000 megawatts, and this matter is one of the largest projects in the region and can be considered the real beginning of investment in the renewable energy sector, and thus these quantities also supply the national electric energy.

[yota691]

The French "Total" begins its strategic contracts in Basra

The first  2023/08/27

 

 

  Basra: Saad Al-Sammak

The French company "Total Energy" launched last week its four giant strategic projects in Basra Governorate, which it had previously contracted to implement with the Ministry of Oil. Burning gas in three fields.
The general manager of the Basra Oil Company, Bassem Abdul Karim Al-Shamkhani, said in an interview with Al-Sabah:
He explained, "The two contracts for the (GGIP) project between the French company (Total) and the company (Basra Oil) are among a total of four contracts, to develop the Artawi field, and invest 600 million cubic feet in two phases for the national effort fields, the Majnoon field, and the West Qurna 2 gas field." In addition to the implementation of the sea water project, which produces 5 million barrels for the purpose of water injection operations and the continuity of production in the oil fields in Basra, Maysan and Dhi Qar.
He added, "As for the fourth project, it is the electric power project that produces 1,000 megawatts, in addition to extinguishing the flame of burnt gas in the fields (Artawi, Al-Saba, Al-Luhais, and Al-Tuba north of Basra) in addition to the giant Majnoon field in the northeast of the province."
It is noteworthy that the Ministry of Oil signed with the French company “Total” in September 2021, the first version of a group of giant strategic contracts in the fields of oil, gas, renewable energy, and sea water, at an investment cost of $ 27 billion for a period of 27 years.

Edited by: Muhammad Al-Ansari

[yota691]

Shell launches its giant projects in Basra

• Time: 08/27/2023 11:09:34
•  
• Read: 1,742 times

  

{Economic: Al Furat News} The French company "Total Energy" launched its four giant strategic projects in Basra Governorate, which it had previously contracted to implement with the Ministry of Oil. Burning gas in three fields.

 

The General Manager of the Basra Oil Company, Bassem Abdul Karim Al-Shamkhani, said in a press statement, "The (Total) company activated its four contracts last week, August 16, and thus the two parties entered the Ministry of Oil and the (Total) company in the stage of commitment to implement the investment contracts signed in the final version." last July," noting that "the biggest challenge that we faced in the past period relates to how to implement contracts to create sustainable oil development for the investment of associated gas within the integrated projects of the south, which includes four major and large projects for the oil and gas sectors."

 

He explained, "The two contracts for the (GGIP) project between the French company (Total) and the company (Basra Oil) are among a total of four contracts, to develop the Artawi field, and invest 600 million cubic feet in two phases for the national effort fields, the Majnoon field, and the West Qurna 2 gas field." In addition to the implementation of the sea water project, which produces 5 million barrels for the purpose of water injection operations and the continuity of production in the oil fields in Basra, Maysan and Dhi Qar.

He added, "As for the fourth project, it is the electric power project that produces 1,000 megawatts, in addition to extinguishing the flame of burnt gas in the fields (Artawi, Al-Saba, Al-Luhais, and Al-Tuba north of Basra) in addition to the giant Majnoon field in the northeast of the province."

It is noteworthy that the Ministry of Oil signed with the French company “Total” in September 2021, the first version of a group of giant strategic contracts in the fields of oil, gas, renewable energy, and sea water, at an investment cost of $ 27 billion for a period of 27 years.