Iraq managed to add new volumes of black gold to its portfolio

Iraqi Oil Minister Hayan Abdul Ghani, during his visit to the Oil Exploration Company, stressed the importance of the exploration sector in increasing the oil reserves of Iraq’s hydrocarbon wealth.

Deputy Prime Minister for Energy, Minister of Petroleum Hayan Abdul-Ghani said that the Oil Exploration Company’s seismic arrays have been able to intensify their activities in the Western Desert in Anbar province over the past period, as well as in some areas in the governorates of Ninawa, Najaf, Muthanna and Di-Kar, as well as cut thousands of kilometers to collect information from areas covered by seismic surveys under the plans of the ministry, and fruitful results have been achieved.

Abdul-Ghani pointed to the importance of converting “expectations” into fixed reserves, which would strengthen Iraq’s position in terms of maintaining and increasing oil and gas production. These efforts have resulted in a 6 billion barrel increase in production over the past few years. crude oil and 32 billion standard cubic feet to the national wealth reserve. Hydrocarbon.

For his part, Ali Jasim, General Director of Oil Exploration Company, said that the Deputy Prime Minister and the Minister of Oil listened to an explanation of the company’s plans and programs, and also attended a seminar on promising gas exploration blocks, the results of exploration and appraisal work, as well as the prospects for optimal investment in hydrocarbons.

He stressed that the company’s seismic survey teams are introducing the latest technologies, instruments and advanced equipment when surveying lands and territories intended for development and production.

Source: RT

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