Surprise Oil Find in IraqEnergy — By Tammam Al-Maliky on January 20, 2012 at 1:45 am
Iraq’s Oil Ministry announced on Wednesday that it has discovered a new oil field in the Missan [Maysan] province, and described it as the biggest achivement in 30 years.
According to the report from AKnews, the Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] told a press conference:
“Iraqi Oil Company and the Southern Oil Companyhave been able to make a big achievement… by finding oil in al-Dima field in Missan province [south east of Baghdad bordering Iran] though the ministry did not expect the discovery of oil in the field.”
Iraqi oil experts struck oil at at depth of 2,300 meter.
The minister added:
“They are now working on estimating the size of the oil reserve in the field before pumping is started.”
Wednesday, February 22, 2012
Prime Minister Al- Maliki Opens the First Floating Terminal in Basra
His Excellency Iraqi Prime Minister Mr. Noori Al- Maliki opened the first floating terminal in Basra with an exportation power of 850 thousand bpd, within the project of the exportation power increase from the southern ports.
The opening was during a big celebration attended by the deputy Prime Minister Mr. Hussain Al- Shahristani, the minister of oil Mr. Abdul Kareem Liaybi and local responsible people in addition to other representatives from the foreign companies.
Mr. Liaybi assured that the project is aiming to increase the exports from the south, and it is worthy to mention that Iraq is now exports 2, 1 million barrels and aims to increase its export capacities to higher levels in the current year. He also referred to the costs of the first step of the project that reached 1, 6 billion dollars.
Mr. Assim Jihad, the spokesman of the oil ministry assured that this terminal is the first one of the five terminals with the exportation power of 850 thousand barrels for each, to increase the exportation power which is 1, 7 million barrels now. He said also that this plan is to increase the exportation power to 5 million bpd after the contracts to develop the southern oil fields within the first and second licensing rounds.
Mr. Deiaa Jaffar the director general of the south oil company said that this terminal is the first in Iraq and it will pump oil from the FAW coastal depot to the Iraqi ports in the Arab gulf.
The opening was during a big celebration attended by the deputy Prime Minister Mr. Hussain Al- Shahristani, the minister of oil Mr. Abdul Kareem Liaybi and local responsible people in addition to other representatives from the foreign companies.
Mr. Liaybi assured that the project is aiming to increase the exports from the south, and it is worthy to mention that Iraq is now exports 2, 1 million barrels and aims to increase its export capacities to higher levels in the current year. He also referred to the costs of the first step of the project that reached 1, 6 billion dollars.
Mr. Assim Jihad, the spokesman of the oil ministry assured that this terminal is the first one of the five terminals with the exportation power of 850 thousand barrels for each, to increase the exportation power which is 1, 7 million barrels now. He said also that this plan is to increase the exportation power to 5 million bpd after the contracts to develop the southern oil fields within the first and second licensing rounds.
Mr. Deiaa Jaffar the director general of the south oil company said that this terminal is the first in Iraq and it will pump oil from the FAW coastal depot to the Iraqi ports in the Arab gulf.
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