Mr. Jabbar Al-Luiebi the minister of oil confirmed on the capability of the national companies to face the security & economy challenges, and the natural circumstances to develop the oil fields in order to raise the production with less costs.
Mr. Al-Luiebi said that he ordered Thi-Qar oil company, the Iraqi drilling company, the oil projects company and the other supporting authorities to develop the Nasiriya oil field in Thi-Qar governorate by depending on the national efforts. The decision-Making body of the ministry also took a decision about that for the public interest.
Mr. Al-Luiebi said also that the ministry have made an integrated plan to raise the production capacity of the field from (90) thousand barrels/ day to (200) thousand barrels by drilling (20) new wells. He said also that the ministry allocated (140) million dollars of the available budget of the ministry to do the field development projects and not to spend currency from the federal budget for the development, because of the economic situation.
Mr. Assim Jihad the spokesman of the ministry said that the Nasiriya field is one of the promising oil fields, and the raise of the oil production will improve the economy of the governorate. The development operations will also raise the national production of flare gas to feed the power stations of the governorate and Iraq, In addition to the achieved benefits of the petro-dollar to improve the economy and services of the governorate.
Source: Ministry of Oil