Page 13 - MEOG Week 24 2022

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Capt. Mohamed Juma Al Shamisi, Managing Khudeir, said that the meeting included stands at only $20 per barrel, according to
Director & Group CEO, AD Ports Group. discussing the prospects of cooperation with Reuters.
“This in turn further supports the leadership’s the company, Around 40mn barrels of Iranian oil -
efforts to foster a sustainable, diversified, and which provided scholarships, fellowships almost half the crude loaded by Iran in March
knowledge-based economy.” and training opportunities to develop and April - was said by Kepler to be stranded
The agreement confirming the Safeen setup technical, administrative and engineering on tankers awaiting customers.
was done by Al Shamisi and Yasser Zaghloul, personnel in the oil formations. NEWSBASE
the Group CEO at National Marine Dredging Khudeir indicated that the ministry will
Group. complete the administrative and technical
The targeted overseas markets will include procedures for the purpose of announcing GAS
Saudi Arabia, Egypt, Taiwan, Sudan, Iraq, the proposed program by Zenhua, adding
Mauritania, Mauritius, Guinea, Pakistan, and that the Chinese company will bear the costs Iraq pays back $1.6bn of
western India. These are all markets where AD as a fully subsidized scholarships in order to
Ports Group or NMDC are active. enhance and activate bilateral cooperation and gas arrears to Iran
“This will without a doubt contribute scientific partnership with Iraq.
to NMDC Group’s ongoing growth and The meeting was attended by a number Iran has received from Iraq a sum of $1.6
expansion strategy as it further strengthens of specialists in the study programs from the billion the Arab country owed to Iran for
its reputation as a global EPC and marine Ministry of Oil and the China Corp. imports of natural gas in the past years,
dredging major,” said Zaghloul. “NMDC MINISTRY OF OIL according to remarks by the Iranian Oil
Group is a recognised expert in the field with Minister Javad Owji.
over four decades of experience in providing Russia undercuts Iranian Owji said on Thursday that the new
offshore surveys and subsea services. By payment by Iraq is related to an outstanding
combining our expertise with our long-term crude debt for natural has imports that had
partner, AD Ports Group, the new company taken place before the current Iranian
will offer the most advanced and innovative Iran and Russia would much rather talk administration came to office in August.
offshore surveys and diving solutions to about the solidarity they show in the face He said that Iraq has settled all payments
different types of environments and across of Western sanctions, but the fact is that related to supplies it has received from the
wider geographies.” since the latter replaced the former as the National Iranian Gas Company (NIGC) since
GULF NEWS most sanctioned country in the world, the the summer of last year.
competition between Tehran and Moscow on “This figure of $1.6 billion had not been
oil markets that will happily take their crude anticipated in their 2022 budget but they got
OIL has intensified considerably. an approval from their parliament and paid
Oil-tanker-tracking companies have the sum to the NIGC account,” Owji said
Iraqi oil ministry looking to assessed that Iran’s oil and natural gas exports during a live broadcast by the IRIB News.
have halved due to competition with Russia
The minister said the payment will allow
cooperation with Zhenhua on Asian markets. Data company Kepler, Iran to increase its supply of natural gas to
which also provides tanker tracking services,
Iraq over the summer months when the Arab
With the aim of developing the technical and told Radio Farda on June 13 that preliminary country is expected to face a record demand
engineering staff working in the ministry oil estimates showed that Iran’s crude oil and gas for energy in its power plants.
affiliates in cooperation with international condensate loaded in May was about 400,000 The NIGC slashed its supply of natural
companies, a meeting was held at the Ministry barrels per day (b/d), versus 820,000 b/d in gas to Iraq in late 2022 after it announced
of Oil headquarter between representatives of April and 908,000 b/d in March. the Arab country had been in more than
the Training and Development Directorate of Looking to make up for lost sales on $5 billion worth of arrears for its previous
the Ministry of Oil and the Chinese company traditional markets, Russia has sought to imports.
Zenhua. expand oil exports to Asia by discounting its NIGC’s current supply to Iraq is believed
The Director General of the Training and crude by about $30 per barrel. Iran’s discount to be less than 10 million cubic meters (mcm)
Development Directorate, Bassim Mohamed for its Asian customers, especially China, per day, down from records of nearly 50 mcm

Week 24 15•June•2022 www. NEWSBASE .com P13