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Iraq agrees to a proposal to raise the production Ahdab oil to 200 thousand barrels per day

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Red Lily


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Iraq agrees to a proposal to raise the production Ahdab oil to 200 thousand barrels per day

22/09/2011 09:06

Baghdad, September 22 / September (Rn) - The Iraqi Oil Ministry said Thursday that it had formally approved the proposed company, "CNBC" Chinese in charge of the development of Ahdab oil to raise production from 160 thousand barrels per day to 200 thousand barrels per day. The company started China National Petroleum produces oil from the Ahdab in Wasit province, central Iraq in early July last card production of 60 thousand barrels per day, and was aimed to raise production to 160 thousand barrels per day before to raise a proposal to the Iraqi government to lift production to 200 thousand barrels day.The spokesman said ministry spokesman Assem Jihad told the Kurdish news agency (Rn) that "The oil ministry has agreed to a proposal the Chinese company on the lifting of the level of production peak Ahdab oil of 160 thousand barrels per day to 200 thousand barrels a day." and "The completed stages of the development pipeline for the transfer of oil from the field to the line of transport strategy, "noting that" Ahdab will provide fuel for a power station Al-Zubaidi through a pipeline connected between them. " and gives the agreement was signed in 2008 China National (CNBC) The right to develop the field of humpback for 23 years , you get the company to service fees increased by six dollars a barrel, down gradually to three dollars only. and the field of humpback is one of several fields, Iraq has signed agreements with international companies to develop them in order to raise the country's production of crude oil from about 2.4 million barrels per day to 12 million barrels in within the next five years. Iraq has the fourth-largest oil reserves in the world, and form oil revenues 95 per cent of the state budget, fiscal, but differences on the validity of management of oil wealth to prevent passage of the Law regulates the oil and energy in the country. of Jafar Allonan, the Open: Abdullah Sabri

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