The Cabinet approves recommendations on drilling 96 oil wells in Basra
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
The Cabinet approves recommendations on drilling 96 oil wells in Basra
The Cabinet approves recommendations on drilling 96 oil wells in Basra
3/28/2021

"The Cabinet approved the recommendation of the Ministerial Council for Energy regarding holding a tender for the drilling of 96 oil wells," the secretariat said in a statement received by Al-Eqtisad News.
And she added, "The recommendation stipulated the transfer of the WQ 0991 tender contract to dig (96) wells in a turnkey manner for (Basra Oil Company / ExxonMobil), under the custody of the American company (Schlumberger)."
And she continued, "The total amount is (480,560,597) dollars, which is (14.4%) less than the estimated cost of (561.6) million dollars, which is within the permitted percentage in the instructions," noting that "the Ministry of Oil bears the technical aspects. And the amount of proportionality of the contract amount with the tender, as far as the financial viability is concerned.
3/28/2021

Economy News _ Baghdad
The General Secretariat of the Council of Ministers announced, on Sunday, that the Council of Ministers approved recommendations regarding the drilling of 96 oil wells in Basra.
"The Cabinet approved the recommendation of the Ministerial Council for Energy regarding holding a tender for the drilling of 96 oil wells," the secretariat said in a statement received by Al-Eqtisad News.
And she added, "The recommendation stipulated the transfer of the WQ 0991 tender contract to dig (96) wells in a turnkey manner for (Basra Oil Company / ExxonMobil), under the custody of the American company (Schlumberger)."
And she continued, "The total amount is (480,560,597) dollars, which is (14.4%) less than the estimated cost of (561.6) million dollars, which is within the permitted percentage in the instructions," noting that "the Ministry of Oil bears the technical aspects. And the amount of proportionality of the contract amount with the tender, as far as the financial viability is concerned.
claud39- VIP NewsHound
- Posts : 18367
Join date : 2018-11-04

» Cabinet approves tender for drilling of new wells in Basra
» Ministerial Committee approves the drilling of wells within the development projects West Qurna / 2
» Cabinet Approves 23 new Oil Wells
» Cabinet approves recommendations for allocation of funds to purchase energy and gas
» The House of Representatives begins the new legislative session next Saturday
» Ministerial Committee approves the drilling of wells within the development projects West Qurna / 2
» Cabinet Approves 23 new Oil Wells
» Cabinet approves recommendations for allocation of funds to purchase energy and gas
» The House of Representatives begins the new legislative session next Saturday
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Cabinet Approves Loan Agreement for Water Supply and Sanitation Project in Baghdad
» Wiley Morgan of Gen64 on Skype Chat Friday Night ~ Updated 6/10
» Mahmoud Dagher explains the economic feasibility of removing zeros from the local currency
» Al-Rasheed Bank announces the removal of its name from the list of international sanctions of the Charter of the United Nations
» The United States allocated 140$ million to support Iraq
» USD/IQD exchange rates climb in Baghdad
» NOPEC Law
» Turkish lira weakens to 15.16 against dollar
» Here's my guess
» Tony and Twitter
» Hamza Al-Jawahiri to / NINA /: The survival of quotas and consensus will not achieve any sustainable development for the national economy / expanded
» The appearance of Muhammad Salih to / Nina /: This is how the surplus oil revenues are disposed of
» USD closes slightly higher in Baghdad on Sunday
» The Central Bank of Iraq 75 years in the face of economic challenges
» (Budget Reserve) may see the light next Wednesday
» Al-Kazemi's advisor puts forward a proposal to double growth rates
» VOTE -- Who Is The Worst Dinarland INTEL Provider Today?
» “Dedicated to Service” on Instagram
» Rehabilitation of the Church of the Virgin Mary in the province of Basra within the Tamkeen project for community initiatives
» 95% of Iraqi revenues still come from oil
» CBI foreign currency sales hike in April
» Where does the excess oil price differentials go?
» Introducing myself...
» Amer Al-Jawahiri to / Nina /: Improving economic activities in the local market is more stable than deleting confusing zeros
» Iraq's oil generates more than 10 billion dollars in one month
» USD/IQD exchange rates inched up in Baghdad
» Becky McGee/Oootah - "Wanted: Attorney and/or Lawyer!" 3/10/19
» Exchange rate game in Iraq: how speculators grossed millions of dollars in 48 hours scheme
» Holly: "Remember we are not in the know of all that goes on behind the scenes" (More Guessing Games...Just What Everybody Needs! LOL) 7/13/21
» RV INTEL BY TEXAS SNAKE, BOB LOCK AND ED OCALA (Three Blind Mice? LOL) 12/8/21
» Technical Adviser to the Prime Minister: The positive effects of changing the exchange rate will be felt more after 3 years
» An economist stresses the need to invest surplus money from oil revenues in profitable projects
» CBI sells +212$ million in the forex auction on Monday
» USD/IQD exchange rates drop in Baghdad
» Outdated laws are a major economic challenge for the next government, Allawi says
» (Initial agreement) to reduce the amount of the emergency support law to 23 trillion dinars
» Planning announces a rise in the monthly and annual inflation rate in Iraq
» Minister of Finance: The financial situation is very good and an upcoming meeting with the International Monetary Fund and the World Bank is in Baghdad
» Mazhar Muhammad Salih: The Central Bank's balance is three times more than the government's external debt