Baghdad – conscious
Oil Minister Hayan Abdul Ghani confirmed today, Wednesday, work to resume the export of crude oil through the northern port.
A statement from the Ministry of Oil, received by the (INA), stated that “Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani, chaired the leadership meeting for operations,” praising “the achievements achieved in the oil sector during the past year.”
Abdel Ghani stressed “implementing what is stated in the government program, and accelerating the implementation of strategic projects in the sectors of extraction, refinery, gas, distribution, export outlets, renewable energy, infrastructure, and others.”
He expressed “the ambition that the new year will witness the implementation of many strategic projects, the achievement of achievements, and the formation of an important addition to the oil industry.”
He added, “We are working to strengthen projects to sustain and increase oil production, and implement the requirements of the five-year plan to reach a production rate of (6) million barrels per day,” noting that “we will achieve a significant increase in production, and we plan to reach self-sufficiency and stop imports, and the coming period will witness We have completed a number of promising projects that achieve our goals.”
He continued, “We have succeeded in promoting associated gas investment projects, and the past period has witnessed an increase in the quantities of gas invested from oil fields, and this year will witness the addition of (200) mqm from the fields invested within the work tasks of the Basra Gas Company, in addition to promising increases from the fields of the two Maysan Oil Companies.” Dhi Qar,” pointing out “work to enhance the strategic reserve of petroleum products, to support the electric power generation sector, and the local need, as well as work to resume the export of crude oil through the northern port, to enhance financial revenues to support the state treasury, and the ministry achieved this in 2023.” An increase in financial revenues over what was planned, and we hope to achieve more during the new year.”
He stressed “the importance of convening the operations leadership meeting to discuss the implementation of strategic project implementation plans, and accelerating their implementation.”
The meeting discussed a group of important topics and projects on its agenda, and measures and recommendations were taken regarding them, in the presence of the Ministry’s undersecretaries, and a number of officials in the companies and departments of the Ministry’s centre.