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January 23, 2010
Zubair oil field in Basra will provide significant employment opportunities
The Ministry of Oil, on Friday, the final contract for the Zubair oil field in Basra province within Turakbes the first round, which will hopefully save more than 10 thousand jobs and contribute to the development of the economic reality of the province.
The coalition of companies, ENI of Italy, Kocaz Korean, and Occidental Petroleum of America, won a contract to develop the field in Basra Zubair oil within Turakbes the first round, which has a rate of four billion barrels of reserves.
He said Oil Minister Hussain al-Shahristani, during the signing ceremony of the final contract for the field that "the decision to include a field tour Zubair licenses first came to raise the volume of production from this well to 1,2 million barrels per day is permissible six years, compared with current production estimated at 100 thousand barrels,"
Zubair oil field in Basra will provide significant employment opportunities
The Ministry of Oil, on Friday, the final contract for the Zubair oil field in Basra province within Turakbes the first round, which will hopefully save more than 10 thousand jobs and contribute to the development of the economic reality of the province.
The coalition of companies, ENI of Italy, Kocaz Korean, and Occidental Petroleum of America, won a contract to develop the field in Basra Zubair oil within Turakbes the first round, which has a rate of four billion barrels of reserves.
He said Oil Minister Hussain al-Shahristani, during the signing ceremony of the final contract for the field that "the decision to include a field tour Zubair licenses first came to raise the volume of production from this well to 1,2 million barrels per day is permissible six years, compared with current production estimated at 100 thousand barrels,"
The price it would be "two dollars a barrel, the additional product as the Coalition will pay 35% tax and 25% of the Iraqi partner, leaving 98 cents a barrel for the coalition which is led by Italian oil giant Eni."
He said al-Shahristani said Zubair oilfield contract "is one of the 11 contracts signed by the ministry a preliminary basis and will complete the signing of all final by the end of January current," adding that "the total production of all contracts will be more than 11 million barrels per day, besides the production of national effort "
He said al-Shahristani told (Voices of Iraq) that the amounts Ststtmrha companies "does not set out fully until now that the table will wait to be submitted by companies, which shows an annual plan and the amount Ststtmrh every year," we expect that "not less than the amount invested Zubair field 20 billion dollars, which will create significant employment opportunities more than 10 thousands of a chance. "
In turn, said managing director of Italy's Eni, Paolo Scarloni told (Voices of Iraq) that his company is "ready to start investing in the field tomorrow, to prove it is serious in developing and exploiting Iraq's oil wealth," expressing his conviction that the company "is able to master their work and complete to the fullest"
He pointed out that the contracts concluded with the Iraqi Oil Ministry "unique and will help Iraq develop its economy in the coming years" and that the contract "will provide many job opportunities for the hands of the Iraqi working and Qdrnaha ten thousand chance apart from secondary services to be provided as well."
The first round for the licensing of oil, started on 30 June 2009 with the participation of 22 companies worldwide to invest in six fields, and won two companies CANC Chinese and BP British investment field (Rumaila), in addition to the field in Basra, Zubair, West Qurna, which included round main fields which produce more than 80% of the total Iraqi oil production, which Rumaila North and South Rumaila, Zubair, Qurna West, Maysan, Bazargan, Abu west and humorous and the Kirkuk field in addition to the Bai Hassan.
Radio Nawa::
He said al-Shahristani said Zubair oilfield contract "is one of the 11 contracts signed by the ministry a preliminary basis and will complete the signing of all final by the end of January current," adding that "the total production of all contracts will be more than 11 million barrels per day, besides the production of national effort "
He said al-Shahristani told (Voices of Iraq) that the amounts Ststtmrha companies "does not set out fully until now that the table will wait to be submitted by companies, which shows an annual plan and the amount Ststtmrh every year," we expect that "not less than the amount invested Zubair field 20 billion dollars, which will create significant employment opportunities more than 10 thousands of a chance. "
In turn, said managing director of Italy's Eni, Paolo Scarloni told (Voices of Iraq) that his company is "ready to start investing in the field tomorrow, to prove it is serious in developing and exploiting Iraq's oil wealth," expressing his conviction that the company "is able to master their work and complete to the fullest"
He pointed out that the contracts concluded with the Iraqi Oil Ministry "unique and will help Iraq develop its economy in the coming years" and that the contract "will provide many job opportunities for the hands of the Iraqi working and Qdrnaha ten thousand chance apart from secondary services to be provided as well."
The first round for the licensing of oil, started on 30 June 2009 with the participation of 22 companies worldwide to invest in six fields, and won two companies CANC Chinese and BP British investment field (Rumaila), in addition to the field in Basra, Zubair, West Qurna, which included round main fields which produce more than 80% of the total Iraqi oil production, which Rumaila North and South Rumaila, Zubair, Qurna West, Maysan, Bazargan, Abu west and humorous and the Kirkuk field in addition to the Bai Hassan.
Radio Nawa::
