Page 12 - MEOG Week 44 2022
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MEOG NEWS IN BRIEF MEOG
and gas, was distinguished from other issues Economic Commission, we emphasized important Consuming countries, especially
in this meeting.” once again that we have the desire and in the vibrant and promising Asian market,
He stated that one of the highlights of this determination to develop and expand bilateral according to the testimony of specialized and
meeting, which was examined very carefully, relations in practice in all fields.” accredited international sites in this field.
was the progress of the oil field development He stressed the importance of cooperation He added, “The company, as part of its
plan in Iran, worth about $4.5 billion, and between the two countries in the field of marketing strategy, has been studying all
clarified that some of these plans have reached energy, adding: “It was agreed to expand possibilities and means available to expand
40% physical progress and to speed up the cooperation in the fields of electricity, oil and the current marketing shares and potential
physical and financial progress of the plans, gas. Russian companies are currently investing opportunities, and is currently working to
constructive suggestions were raised.” in the oil fields of the Islamic Republic of expand its share in the European market,
SHANA Iran, and the volume of such investments will investing in the decline of Russian imports
increase next year.” to this region and its need to provide
The Deputy Prime Minister of Russia alternatives.”
OIL announced a very large package of And he continued, “SOMO is working
agreements in the field of energy, and added: diligently and continuously to open new and
Russia to Boost Investment “For example, this year Gazprom signed a stable markets for Iraqi crude oils, and the
memorandum of understanding with the
implementation of these strategies is done
in Iran Oil Fields: Novak National Iranian Oil Company. Agreements through careful and continuous monitoring
of the global oil market and attendance at
have been made regarding extraction from the
The Deputy Prime Minister of Russia called gas fields of the Islamic Republic of Iran, as international conferences with the aim of
the relations between Iran and Russia well as the export of gas to other countries.” meeting as many companies as possible to
trustworthy and at a high political level, and Novak continued: “We have also agreed on introduce Iraqi crude oils in terms of quality
said: “The amount of Russian investment in the swap of oil products and this cooperation and logistics and to display the advantages
Iran’s oil fields will increase.” is promising.” that it enjoys.” These companies must try to
Alexander Novak told a joint press SHANA attract them and start doing business with
conference with Iranian Minister of Petroleum them.”
Javad Owji on Tuesday: “I would like to Somo seeks to expand INA
appreciate the Iranian Minister of Petroleum
for steering Iran’s delegation in this meeting the share of oil exports in
and praise the representatives of government GAS
institutions and business circles of the Islamic Europe
Republic of Iran who worked with their Iraq affirms keenness to
Russian colleagues in order to achieve fruitful Head of Iraq’s National Oil Marketing
results for both countries.” Company (SOMO), Alaa Al-Yasiri, confirmed develop Akkas gas field
He emphasized: “I am confident that today, Thursday, the company’s endeavour to
holding the meeting of the Joint Economic expand Iraq’s share in the European market, The Ministry Undersecretary, Kareem Hattab,
Commission can help to further develop and implement a strategy to open new affirmed the ministry keenness to develop
relations and cooperation between Iran and markets for Iraqi crude oils, noting that Iraq gas fields and the optimal gas investment for
Russia.” scored advanced ranks in oil marketing in energy projects. This came while he presides
The Deputy Prime Minister of Russia Asia. over a meeting to discuss the development
pointed out that relations between the Islamic Al-Yasiri told the Iraqi News Agency of Akkas Gas Field and starting production
Republic of Iran and Russia are at a high (INA), that “the work mechanisms of the Oil operation thereof.
political level, and said: “Holding a meeting Marketing Company are focused on ensuring The Undersecretary said developing gas
of the Joint Economic Commission can give the preservation of the marketing shares of fields is one of the ministry priorities to
another boost to the relations between Iran Iraqi crude oils in the most important global increase production rates through optimal gas
and Russia. The relations between Iran and crude oil markets, such as Asia, America and investment, noting that Akkas field is one of
Russia are confident relations established Europe, and the efforts of this company have the promising fields and the ministry, through
between the presidents of the two countries.” resulted in registering advanced ranks as its national efforts in Midland Oil Company,
Novak added: “At the meeting of the Joint the largest suppliers of crude oil to the most makes exceptional efforts to develop that
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