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BREAKING
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation

Iraq Signs Contracts to Increase Crude Oil Production Capacities

  • By Al Mayadeen
  • Source: Agencies
  • 15 Aug 2021 15:28
  • 7 Shares
1 Min Read

An official in the Iraqi oil sector announces that Iraq has signed contracts with foreign oil licensing companies to drill 131 new oil wells, indicating that these contracts come within the framework of a long-term plan to increase production capacities in Iraq.

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  • Iraq produces millions of barrels of crude oil per day (archive)
    Iraq produces millions of barrels of crude oil per day (archive)

An official in the Iraqi oil sector revealed that Baghdad signed contracts with foreign oil companies to drill 131 new oil wells as part of Iraq's future plan to expand crude oil production capacities to 8 million barrels per day by the end of 2027.

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The Director-General of the Iraqi Drilling Company at the Ministry of Oil, Bassem Abdul Karim, said Iraq has signed contracts with foreign oil licensing companies to drill 131 new oil wells and reclaim scores of wells currently operating in the Kirkuk, Baghdad, Basra, Maysan, and Nasiriyah oil fields.

The official stated that the Iraqi drilling company is currently implementing a plan to drill 20 oil wells in the Nasiriyah field in the Al-Ktayaa area, north of Dhi Qar, with the participation of the US Weatherford International Company to strategically enhance the increase in production and export capacity in the future and to resume work in the Al-Gharraf field, east of Dhi Qar, for the benefit of the Malaysian Company Petronas; the company operating the field.

  • Crude oil
  • Iraq
  • oil in iraq

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