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Basra oil during the second energy conference: we aim to produce 5 million barrels per day
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Basra oil during the second energy conference: we aim to produce 5 million barrels per day
http://www.almirbad.com/news/view.aspx?cdate=12122018&id=02e24884-596a-4c20-9971-5b5cc6e4d060
Wednesday, 12 December 2018
Basra oil company announced that the energy target of the company in the coming years is to reach the production of 5 million barrels per day, which means investments in the oil sector estimated at thirty billion dollars.
"The near future is promising and the energy markets are stable and Iraq is going to support the energy industry to achieve the objectives of the years 2025-2030," Ihsan Abdul Jabbar, the director of the company, said on the sidelines of the second energy conference held in Basra on Wednesday in the presence of a number of oil companies and private sector companies.
The chairman of the oil and gas committee in the provincial council Ali Shaddad Al-Faris said that the second energy conference was contracted for important reasons related to the divergence between the private and public sectors during the past period, and it is necessary to hold those conferences to bring them closer.
He added that the committee noted the opposition by the private sector of the bureaucracy and routine of the public sector.
He added that one of the reasons for the convening of the conference is to identify more about the volume of investments of oil companies.
He also pointed out that the management of Basra Oil Company during the next five years will monitor the amounts of not less than thirty billion dollars to invest in the oil and gas sector, which strengthened the identity of the province economic and brings investment companies.
For his part, the CEO of the company organizing the conference Ahmed Mutashar that the conference in the first version of the plans and projects for the oil and gas sector and alternative energy and this year want to know the results and the new five-year plans put forward by the government.
And that they are trying to focus on the field of development of institutions and human resources operating in the province of Basra.
Basra oil during the second energy conference: we aim to produce 5 million barrels per day
Wednesday, 12 December 2018
Basra oil company announced that the energy target of the company in the coming years is to reach the production of 5 million barrels per day, which means investments in the oil sector estimated at thirty billion dollars.
"The near future is promising and the energy markets are stable and Iraq is going to support the energy industry to achieve the objectives of the years 2025-2030," Ihsan Abdul Jabbar, the director of the company, said on the sidelines of the second energy conference held in Basra on Wednesday in the presence of a number of oil companies and private sector companies.
The chairman of the oil and gas committee in the provincial council Ali Shaddad Al-Faris said that the second energy conference was contracted for important reasons related to the divergence between the private and public sectors during the past period, and it is necessary to hold those conferences to bring them closer.
He added that the committee noted the opposition by the private sector of the bureaucracy and routine of the public sector.
He added that one of the reasons for the convening of the conference is to identify more about the volume of investments of oil companies.
He also pointed out that the management of Basra Oil Company during the next five years will monitor the amounts of not less than thirty billion dollars to invest in the oil and gas sector, which strengthened the identity of the province economic and brings investment companies.
For his part, the CEO of the company organizing the conference Ahmed Mutashar that the conference in the first version of the plans and projects for the oil and gas sector and alternative energy and this year want to know the results and the new five-year plans put forward by the government.
And that they are trying to focus on the field of development of institutions and human resources operating in the province of Basra.
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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