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

Haider Al Abadi Visits West Qurna 2 Oil Field To Reassure Lukoil Protests Wont Effect Production

Even though the area in the South of Iraq isn't effected by the ISIS, this is another of the challenges that foreign oil companies are experiencing in IRAQ.

Haider al-Abadi, the Iraq's Prime Minister, visited the West Qurna-2 oilfield to reassure its Russian operator Lukoil that they wouldn't be affected by the recent protests from hundreds of locals demanding jobs at the field.

Even though the area in the South of Iraq isn't effected by the ISIS, this is another of the challenges that foreign oil companies are experiencing in IRAQ.

The state-run South Oil Company (SOC) last week sent a report to the oil ministry asking it to defuse the protests by people, and a senior official at SOC said

"We explained in the report that if such undesired harassments to the foreign operators continue, oil production will definitely be affected."

After Haider al-Abadi, had met with Lukoil officials at West Qurna, he then visited surrounding villages that have been a source of the protests.

Local communities protest to squeeze companies for jobs and other work benefits.

"The situation is under control and the companies must not fear any threat," Abadi said during the trip, according to a statement on his website.

"Some people stand against the progress of Iraq and place obstacles in its way, but we won't allow them and will use all our capabilities to stop them and continue producing oil."

Oil exports from southern Iraq rose to a record average of 3.064 million barrels per day (bpd) in July.

Protests started last year, but intensified in recent weeks as Iraqis take to the streets in a show of anger against corruption and mismanagement .

The people of Basra complain that although the bulk of Iraq's oil is produced and shipped from their province, they do not enjoy the benefits.

"Despite Lukoil's ongoing initiatives to hire more labourers from nearby areas, things have got out of control," the senior SOC official said.

Categories

Read more news like this