Iraq Oil Ministry Defends Deal with Ukrainian Company

Iraq Oil Ministry Defends Deal with Ukrainian Company

The Iraqi Service of Oil has shielded its choice to grant the advancement of the Akkas gas field to generally secret Ukrainian organization, Ukrzemresurs.

As indicated by a proclamation from the Service, the choice followed Ukrzemresurs’ application to the Agreements and Oil Permitting Directorate (PCLD), satisfying the expected guidelines and giving monetary and legitimate certifications. The service is handling the passage visas for the organization’s designers, geologists, and specialists to work with the handover of the field and the beginning of legally binding responsibilities.

Delegate Priest for Extraction, Bassem Mohammed Khudair, expressed that the point is to accomplish an underlying creation of 100 million standard cubic feet each day (MMSCFD) during the main stage, increasing to a pinnacle creation of 400 MMSCFD according to the agreement courses of events. Bassem Taher, Chief General of the Agreements and Oil Authorizing Directorate, affirmed that the capability and contracting processes were unbiased and thorough, in accordance with other worldwide organizations.

The Service said Ukrzemresurs was the main organization ready to foster the field under the current legally binding terms, rather than other organizations’ requests for changed conditions. The service plans to speed up the improvement of the Akkas gas field to reinforce Iraq’s energy area with new creation.