Iraq Oil Minister Stresses on Developing Eridu Field and Investing in Gas in West Qurna/2

Source: www.gulfoilandgas.com 9/15/2022, Location: Middle East

The Minister of Oil stressed the importance of speeding up and starting the development and production operations in Areedo field, which is located within the 10th exploration block located between the provinces of Muthana and Dhi Qar, for its importance in promoting national production. This came during H.E meeting with the Vice President of Lukoil Company for Central Asia, Middle East, and North African affairs Stepan Gorgi and the accompanying delegation. The Minister of Oil, Ihsan Abdul Jabbar Ismail, said that the ministry is awaiting the approval of the Council of Ministers to the joint development program for the said field, commending the technical study of Lukoil in cooperation with national effort, expressing H.E hope to inaugurate the production operations in the period ahead.

Ismail added that he stressed in the meeting the need to continue the development of West Qurna/2 field as a part of the development program and to increase the production and work to improve economic indicators that are in the interest of both parties, stressing the importance of expediting the expansion of optimal investment projects for the associated gas from the aforementioned field.

The Minister of Oil commended the joint work and cooperation between the ministry and Lukoil to develop oil and energy sector.

The meeting was attended by the Senior Vice President of National Oil Company, Hamid Younis, the Director General of Petroleum Contracts and Licensing Directorate, Ali Maarij. On the Russian side, the meeting was attended by Lukoil General Manager, Alexey Yakovlev, and the 10th block project manager, Edward Tcheloyansh, and vice manager of Iraq branch, manager of Lukoil reprentative office in Baghdad, Resan Sednavi.


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