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Basrah & Thi-Qar Companies Signs a Memorandum of Understanding with Chevron

Source: www.gulfoilandgas.com 6/11/2018, Location: Middle East

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The minister of oil confirmed on the keenness of the ministry of oil to improve the performance of the national oil companies to be equivalent to the international companies….

By making the perfect cooperation with the experienced international oil staff, and by expanding the cooperation horizons with the well-known companies to make use of the international experience.

Mr. Jabbar Ali Al-Luiebi the minister of oil said during the ceremony of the contract signature between Basrah Oil Company & Thi-Qar Oil Company and Chevron American Company, that this memorandum is a perfect cooperation message between our national company and Chevron whom will make the studies and seismic survey for the oil activity of the oil fields and facilities to prepare the technical & administrative reports. Then the presentation of the suggestions and recommendations to build the national capabilities to administrate the national wealth and invest it perfectly by making the current and future plans & programs, as well as to employ these capabilities correctly in order to achieve the required results.

Mr. Al-Luiebi said also that it is possible to expand the cooperation between the two parties to sign the contracts for the development projects to achieve the common goals. He also praised Chevron for their cooperation to develop the oil sector.

The representative of Chevron Company praised the keenness of the ministry to develop the Iraqi oil industry and cooperate perfectly with his company to achieve a part of their goals. He also was hopeful to increase the cooperation with the ministry to achieve the common goals.

Mr. Kareem Hattab the deputy minister for extraction stressed on the necessity of making use of the experience of the international companies to administrate the oil projects and employ the financial and man capabilities to achieve the planned targets.

Mr. Ihsan Abd Al-Jabbar the director general of Basrah Oil Company praised the cooperation with the international company to exchange experience and develop the national administrative & technical capabilities.

Mr. Ali Warid the director general of Thi-Qar Oil Company confirmed on the keenness of the ministry to speed-up the development of the oil industry which was affected by the wars and events during the last decades.

Mr. Assim Jihad the spokesman of the ministry said that the ministry is aiming to sign more memorandums of understanding and contracts with the international companies to exchange experience and develop the national capabilities to invest the national oil & gas wealth perfectly and enforce the Iraqi economy.

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