Iraq’s Oil Minister Ihsan Abdul Jabbar expressed keenness to implement sustainability projects and increase the output of crude oil and gas at the oilfields of North Oil Company in Kirkuk, 250 km to the north of Baghdad.
During his visit to the company’s headquarters on Sunday, he stated that the government and the ministry are determined to boost the production at the company.
The Ministry aims to address technical, economic and security challenges in an expedited manner.
It also seeks to increase and sustain production based on national efforts as well as cooperation with global firms.
Jabbar called for fast-forwarding the implementation of optimal gas investment and output increase projects.
He discussed with senior officials at the company ways to develop output and optimize the investment of flare gas. They further addressed efforts to supply power stations with sufficient quantities of dry gas.
"The administration of the Basra and the south oil companies and the relevant departments in the Ministry are putting the final touches to the proposed project scheduled to be signed in the upcoming period," a statement of the Ministry of Oil said on June 19.
Jabbar, said: "These projects are a priority in the Ministry's plans for an optimal investment of flared gas and upholding the infrastructure."
He urged oil companies to intensify meetings and talks regarding the technical, financial, legal, economic, and contractual aspects with the national companies and relevant departments and experts.
The purpose behind this is to reach the ideal drafting of contracts and agreements with international companies and therefore obtain the highest profit to Iraq.
