Investment Opportunity in Ziyen.com, the owner of Rebuilding Iraq

+44(0) 800 772 3004
marketing@ziyen.com

Rumaila Oil Field meeting is held to review production and cost reduction

Iraq Minister of Oil heads the meeting with BP

Mr. Adil Abd Al-Mahdi the minister of oil headed a meeting in the 10th of December for the joint administration of Rumaila oil field. 

   The meeting was presented by representatives of British Petroleum Company to study the issues of developing the field and review the production plan & cost reduction.

   Mr. Abd Al-Mahdi stressed on the necessity of developing the production in order to meet the ambitions of the ministry in order to achieve the necessary production level to elevate the outcomes. 

   Mr. Abd Al-Mahdi said also that the ministry of oil is working on to develop the oil facilities & fields by cooperation with the well-known global companies whom was awarded with the oil fields rehabilitation during the licensing rounds. He said also that the ministry is reconsidering the chapters of the contracts in order to achieve the common interest during the oil prices drop.

 (Source: Iraq Ministry of Oil)

 

Categories

Read more news like this