Sunday, October 17, 2010

(Iraq Oil) Oil announces the approval of 13 companies worldwide to develop the gas fields to be presented within the session of the licenses this week


17 October, 2010

Oil announces the approval of 13 companies worldwide to develop the gas fields to be presented within the session of the licenses this week

Said ministry spokesman Assem Jihad, Oil Ministry announced that a global agreement to develop three gas fields to be presented within the session of the licenses this week, while confirming that the development of these fields will enable the ministry to fill the country's needs and export the surplus of it.

Jihad said in a press statement that 13 international companies specialized, out of 45 international companies qualified to develop the oil and gas fields in Iraq, bought the bags, which will participate for the way in the licensing round for fields invading Iraq, he said, adding that those companies are large companies in oil and gas industry in the world ». Jihad said that« Among these companies are France's Total, and Japan's Mitsubishi, and Statoil Hydro of Norway, and Japan Oil, Japanese, and Edison, Eni Aliitalitan, and the Turkish Petroleum Corporation », indicating that companies will compete with each other, and open offers for companies and means of media to ensure greater transparency in the extractive industry of oil and gas in Iraq.

He pointed out that the ministry will organize a tour of open tenders and offers on the twentieth of this month, also identified him, the three gas fields it had announced earlier in the ministry.

He went on to say that the pursuit of his ministry focus is on Iraq to be one of the largest producers of oil and gas both », saying that« the development of gas fields will enable the ministry to fill the need for the country's local and export it abroad.

Iraq has three fields, gas discovered is the field Mansourieh, and the field of cane, and the field of Saybah, is the field Mansourieh gas from gas fields the task which lies in a Mansouriet mountain in the province of Diyala, The North Oil Company, the responsibility of management and supervision, while the field has been considered a crutch gas in Anbar province of gas fields discovered and developed and produces 50 cubic meters a record, of gas per day and the volume of stock in which approximately 6.5 trillion cubic feet, a record, while the field has been considered Saybah gas from fields that are located near the border between Iraq and Iran, Kuwait, and a reservoir about 1.1 trillion cubic feet Standard.

The Oil Ministry has launched in May last third round of licenses, which specializes in investing in gas fields, and included three fields are the crutch of Saybah and Mansuriyah, pointing out that these contracts are service contracts, not partnership and will be under the control of the Iraqi side. And Iraq obtained full membership in the Organization Transparency International in June, after he signed the initiative of transparency in extractive industries, which sets global standards for transparency in regard to oil, gas and mining, by pushing companies to disclose tax and royalty payments to governments, to call on governments to provide proof of receipt of this payments. The Undersecretary of the Ministry of oil for refineries Ahmed Chandler said in an earlier statement that Iraq's production at the present time natural gas, with a hundred million cubic feet per day, and are provided with electric power stations in them, except for modern ones, in addition to the factories of the Ministry of industry, stressing that Iraq needs more than a large proportion of current production.

The Iraq's production of liquid gas is about 4 thousand tons per day, fill a need for 85% of domestic production, estimated at four thousand and 500 tons per day, while the rest are imported from neighboring countries.

The spokesman for the Ministry of Oil that «the ministry is determined to proceed with the investment, natural gas and associated», indicating that it «has committed oil companies, which develops oil fields, in the two rounds of licensing the first and second investment of associated gas, and handed over to Iraq for free, as well as the Ministry's establishment Gas Company of Basra with the British-Dutch Shell, Mitsubishi and the Japanese to invest in associated gas in Basra ». The Iraqi's proven reserves of natural gas, 112 trillion cubic feet, making Iraq ranked tenth among the world's rich natural gas.

VinTV