Baghdad – IA – Hassan Al-Fawaz
At the moment, Monday, the Ministry of Oil introduced the portions of oil and gasoline anticipated to be added inside the tasks of the fifth supplementary and sixth licensing rounds, whereas confirming that these portions will contribute to assembly the nation’s want for imported gasoline.
The Director of the Division of Petroleum Contracts and Licensing on the Ministry of Oil, Bassem Taher Abd, informed the (INA): “The fifth supplementary and sixth licensing rounds got here as a continuation of the earlier first, second, third, fourth and fifth licensing rounds, as some tasks weren’t referred within the fifth spherical and have been added.” Within the appendix of the fifth spherical, which consists of fields and exploration blocks, a few of which have nice promise for oil, along with the sixth spherical, which is promising without cost gasoline.
Abdul expressed his hope to “receive portions of oil and gasoline that may improve the oil reserves of the Republic of Iraq, along with the anticipated portions of gasoline that exceed 3,450 mqmq, along with rising the portions of oil to multiple million barrels.”
He continued, “Participation is efficient for firms, as three tasks have been referred, and we hope that the remainder of the tasks will probably be referred, which can contribute to assembly the nation’s want for imported gasoline and working electrical energy stations,” noting that “Prime Minister Muhammad Shiaa Al-Sudani, assigned the Contracts and Licensing Division within the Ministry of Oil By accelerating the implementation of the annex to the fifth and sixth rounds.”
He added: “Within the current interval, we have been in a position within the Division of Contracts and Licensing to attain the specified objective of this spherical, as we intensified a number of conferences and encounters with overseas firms, along with aiding extractive firms, the Oil Exploration Firm and different ministries’ departments, the place we have been in a position to develop tenders that put together the ambiance for us.” And the best way to make investments these fields and exploration patches in the absolute best approach.”
He identified that “Prime Minister Muhammad Shiaa Al-Sudani confirmed that the federal government is severe and in search of to do what it may possibly to assist firms, present the suitable ambiance and safety scenario, and assist the Ministry of Oil and its departments in continuing with the implementation of its tasks and signing acceptable contracts to extend oil and gasoline reserves.”