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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