Page 13 - MEOG Week 12 2023

MEOG NEWS IN BRIEF MEOG

the ministry’s plan during the next five and Wasit, where there will be an opportunity GAS
years, there will be a large investment in gas, to participate in these opportunities for
which will lead to stopping the import of gas specialised companies. He said, “If all or part Iraq to supply Halfaya gas
from Iran.” Regarding the licensing round of it is invested, Iraq will be a source, with
contracts, he stressed that “the fifth licensing the improvement and development of the to Maysan power stations
round contracts included the border fields economic situation and employment of the
of the eastern side of Iraq, where we signed labour force.” Iraq’s Ministry of Oil set the objectives of
six contracts for six exploratory blocks,” INA the visit of its Minister, Hayan Abdulghani,
explaining that “these fields will provide at accompanied by the Minister of Electricity,
least 750 million cubic meters of gas, which is Ziyad Ali Fadel, to the Halfaya field in
a promising amount.” OIL Maysan, while indicating the near completion
And he continued, “The Mansouriya field of two power stations with gas invested from
will be put up for competition soon, but not Al-Ghais visit to Baghdad the field .
alone, but within the fifth complementary The ministry’s spokesman, Assem Jihad,
licensing round, which includes four border highlights Iraq’s importance told the Iraqi News Agency (INA), that
fields for the eastern side of Iraq in addition to “the most important goals of the visit of
the Mansouriya field, which will take place in Iraq’s Ministry of Oil said this week that the the Ministers of Oil, Hayan Abdulghani,
less than a month,” explaining, “The ministry’s visit of OPEC Secretary-General Haitham Al- and Minister of Electricity, Ziyad Ali Fadel,
plan includes announcing another round.” Ghais to Baghdad represents the organisation’s is the field follow-up of the associated gas
From licensing contracts for the western side, interest in Iraq and its role in the oil market. investment projects in the Halfaya field in
which extends from the Syrian-Jordanian- The ministry’s spokesman, Assem Jihad, Maysan,” noting that “this field is one of the
Saudi borders to Samawah Governorate. told the Iraqi News Agency (INA), that largest fields.” oil in the province.
He pointed out that “there are more than “OPEC Secretary-General Haitham Al-Ghais He added, “There is a plan to invest gas
10 exploratory patches prepared by him, most was keen to visit Iraq due to its importance in associated with oil operations with a capacity
of which are invasive,” explaining that “the the oil arena for OPEC, which was established of 300 million standard cubic feet,” noting that
ministry is in the process of preparing and in Baghdad, just as Iraq is the country second “the Maysan Oil Company, in cooperation
preparing a bag of information for these fields, in terms of production in the organisation. with Petrojana, has achieved important steps
which does not exceed the seventh month of Jihad added, “The Secretary-General of to reach this goal.”
this year to announce them.” OPEC met the Minister of Oil and officials in He stated: “The visit aims to follow up the
And he indicated that “Iraq is supposed to the Iraqi government, in addition to his visit projects of supplying the two electric power
be satisfied with the production of the three to the People’s Hall, which witnessed the first stations in the governorate, where the Maysan
white products, gasoline, gas, and gas oil, and founding meeting of the organisation in the Oil Company will supply the two stations
it now imports more than half of the country’s presence of 5 countries in 1960.” with quantities of gas amounting to 160
need for gasoline,” pointing out that “there is a He pointed out that “the visit represents cubic meters per day, and this achieves the
promising plan in this field, and we are on the the organisation’s interest in Iraq and the role objectives of the Ministry of Electricity in this
verge of operating the Karbala refinery with it plays in the oil market,” pointing out that regard.”
a capacity of 140,000 barrels per day.” Which “Iraq’s cooperation with the organisation has He added, “The other goal of the visit is
will provide more than 50 percent of imported led to the stability of the oil market and facing to follow up the oil production in this field,
gasoline, in addition to gas oil and gasoline. the challenges facing producers in this sector.” which now amounts to 350,000 barrels per
He stressed that “the quantities of imported He stressed that “the organisation faced day,” explaining that “the ministry is seeking
fuel will be reduced to a quarter of the need, economic, political, security and health to raise production to 400,000 barrels per day
and we have some refining units in the south challenges earlier, which affected the oil of crude oil.”
with a capacity of 90,000 barrels per day, markets, and were confronted by the “The Halfaya field development project
and if they are completed by the end of this producing countries in OPEC+.” is one of the successful projects that have
year, we will stop importing oil products,” It is noteworthy that the Secretary-General achieved its objectives,” he stressed.
noting that “an investment opportunity for of OPEC Haitham Al-Ghais arrived, yesterday, INA
seven refineries will be announced soon.” Sunday, in Baghdad, on an official visit that
In northern and southern Iraq, especially in lasts for two days.
Mosul, Haditha, Samawah, Maysan, Dhi Qar INA

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