The Ministry of Oil signed four contracts with the French company Total for oil and gas development and growth projects.
Oil Minister Hayan Abdul-Ghani said in a speech during the signing ceremony of the contracts: “Signing these contracts with the French company Total and its partners is important, as these efforts fall within the integrated South project, which includes four major and large projects for the oil and gas sectors,” noting, ” The first of these projects is the use of the sea for the purposes of reservoir support, which is one of the projects with great economic feasibility and aims to provide sea water to support the reservoir pressure in the various oil fields.
He added, “The other project is the investment of associated gas with a capacity of 600 million standard cubic feet per day, and it is divided between two phases. Each phase has 300 cubic metres,” noting that “this project comes within the projects, plans and strategy of the government and the ministry to convert it into electric energy, as all industries are linked. In addition to preserving the environment and health.
He stated that “the third project is to develop the Artawi oil field and increase production from this field to more than 210 thousand barrels per day,” pointing out that “the field produces special light oil with a degree of more than forty degrees and is considered an excellent fuel in the region,” pointing out, “The fourth contract project represents an important addition to the renewable energy sector in Iraq, which is the investment of solar energy with a capacity of one gigawatt, or 1,000 megawatts. It is one of the largest energy consolidation projects in the region and the real beginning of renewable energy investment in Iraq.”
The minister continued: “We will proceed with Total and with all partners to serious and fruitful cooperation in order to proceed with the implementation of these contracts on the ground in order to reap the fruit of this cooperation and success and achieve the great achievement in the service of the common interest, which will reflect positively on the reality of the oil industry, energy and Iraq.”
Source: National Iraqi News Agency
