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"Law of
Private Investment in Crude Oil Refining"
"Development and
Production Service Contract"
"Technical Service Contract"
"General
Information for service contracts"
"SOMO'S MEASUREMENT POLICY"
"Announcement
for Pre-qualification
of The
Second Bidding Round"
"Extension
for Pre-qualification
of The
Second Bidding Round"
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The Iraqi oil ministry
signs a contract to rehabilitate alkayara & najma in its final form.
The
Iraqi oil ministry signed a contract to rehabilitate Alkayara & Najma
Oil fields which was awarded to Sonangol Angolan Oil Company according
to the second licensing round and certified it by the council of
ministers.
Alkayara field is
expected to reach maximally 120 thousand barrel/ day and a cost of (5)
dollars per barrel. And Najma field is expected to reach maximally 110
thousand barrel/day and a cost of (6) dollars per barrel.
Mr. Abdul Kareem Luaibi
the deputy minister for up streaming said that the contract of Alkayara
& Najma will be reflected positively in the increase of oil product
imports as well as achieving the fact of the work opportunities for
young unemployed people to work with the development of the investment
sector and in parallel in all provinces that are arranged according to
the oil fields, according to the geographical distribution of those
fields. And the spokesman of the oil ministry Mr. Assem Jihad said that,
the signing and development of (Alkayara & Najma) oil fields is a
beginning to develop the oil industry in the province and the best
investment for these fields makes it one of the oil provinces, note that
the ministry had recently formed a committee of Ninawa oil as a step to
establish the Ninawa Oil Company to oversee and manage oil fields in the
province, as in Maysan Oil Company and the South and the North companies
and other companies that will be developed after the oil contracts
concluded by the Oil Ministry recently. From his side Mr. Martin Kasper,
president of the Sonangol Company was pleased to sign contracts for the
rehabilitation and development of these fields.
It is noteworthy that The
Oil Ministry continues to sign contracts for the first and second
licensing rounds with the companies that won licenses in the draw for
rounds according to regulations established by the ministry.
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