Friday, May 25, 2018
Directory Directory Subscribe
Login
 

New Development Plan for West Qurna-2

 
 

Please, enter data

Please, enter data

Iraq Business News, 13 May 2018

LUKOIL and the Basra Oil Company (BOC) signed a Development Plan for the West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day.

According to the Plan, the oil production of 480 thousand barrels per day will be reached in 2020 and 800 thousand barrels per day is expected in 2025.

These indicators will be achieved as a result of drilling and commissioning of new production and injection wells, construction and launching of oil treatment, storage and transportation facilities and facilities for gas treatment and power generation.

The experience acquired by the Company in the region, the existing infrastructure and cost compensation within the project development from the current production will ensure maximum efficiency of the project implementation.

The parties noted that due to the agreements reached, LUKOIL will remain one of the largest investors and employers in Iraq in the coming years. ​

Iraq Business News

  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

UAE 7th Most Competitive Economy in the World
Al Bawaba, 24 May 2018

The UAE has jumped three places to become the seventh most competitive economy in the world in 2018, its best ranking ever, reveals a global study released on ...

Read full story
UAE 7th Most Competitive Economy in the World
Bahrain invites bids for 682-unit housing project
TradeArabia News Service, 24 May 2018

 Bahrain's government has invited bids from qualified consultants and contractors for providing contract management and site supervision consultancy ...

Read full story
Bahrain invites bids for 682-unit housing project
Sweden intends to double trade with Egypt in five years: ambassador
Daily News Egypt, 23 May 2018

Swedish Ambassador to Egypt Jan Thesleff told Daily News Egypt that his intention and hope is to double Swedish trade with Egypt in the next five years.
...

Read full story
Sweden intends to double trade with Egypt in five years: ambassador
Material used at Al Bayt Stadium named after 2022 FIFA World Cup Qatar
The Peninsula, 23 May 2018

The unique construction fabric used in Al Bayt Stadium in Al Khor City to resemble the inside of a traditional Bedouin tent will be named after the iconic 2022 ...

Read full story
Material used at Al Bayt Stadium named after 2022 FIFA World Cup Qatar
Back to Home Page 1063 --- 0 <><><> 257.16666666667.....exvideo=0....eximage=0
P 0
BR 10

 
Entertainment KSA
3 - September 2018
2nd Annual Digital Forensics and Analysis Summit
10 - September 2018
The 2nd Annual Digital Transformation Summit
17 - September 2018
Future Traffic Security
24 - September 2018
Future Civil Defense
24 - September 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Iraq Agrofood Baghdad - 8 October - 11 October 2018  
  Project Iraq Baghdad - 8 October - 11 October 2018  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Iraq
Iraq Agrofood Baghdad
Project Iraq Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved