The minister said in a statement to the Iraqi News Agency: “The announcement of the supplement to the fifth round of licensing comes on top of what was announced by the ministry in 2018, regarding the fifth round of licensing, and what has followed in February this year by concluding contracts with the winning companies of the round to develop a number of exploration fields and frontier exploratory sites in the governorates.
The minister added: “The ministry aims, through this cycle, to strengthen the production and reserves of oil and gas, and to encourage investments in the oil sector in cooperation with international companies specialized in the development of fields and of oil and gas sites by inviting them to participate in the competitive bidding process in the new complementary round attached to the fifth licensing round, which includes 13 fields. sites, which have been added to the schedule this cycle.
Last March, Iraq’s Oil Minister said his country would offer a package of oil licenses in more than 10 exploration areas in the west of the country, most of which are for gas, and indicated plans for significant investments in the oil sector within the next 5 years.
For his part, ministry spokesman Assem Jihad said, “The Ministry of Petroleum is keen to support the work of investment companies and provide the appropriate environment, in order to achieve goals and objectives. common interest”.
On Friday, Iraqi Oil Minister Hayan Abdul-Ghani inaugurated the experimental water injection project in the Majnoon oil field, which has a capacity of 80,000 barrels per day.
It also laid the foundation stone for the 120,000 barrel per day capacity second gas isolation station project in the Majnoon field, and is helping to add wet oil processing units for the purpose. improve oil specifications and exploit the energy available for the field. .
It should be noted that the Iraqi Ministry of Petroleum, at the beginning of this month, had resumed the operations of loading and exporting oil from the Qayyarah field, which has a capacity of 33,000 barrels per day.
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