Iraqi Drilling Company to Spend $172m on New Equipment

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Iraqi Drilling Company to Spend $172m on New Equipment

The Iraqi Drilling agency (IDC) is about to make bigger its operations following a excessive-stage meeting chaired by Bassem Mohammed Khudair, Deputy Minister of Oil for Upstream Affairs, on the organisation’s headquarters. The session was held in keeping with directives from Deputy high Minister for electricity Affairs and Minister of Oil, Hayan Abdul Ghani.

Attendees covered Basim Abdul Karim Nasser, Director standard of Basra Oil employer (BCO), IDC Director preferred Hassan Mohammed Hassan, and senior agency officials. The Ministry reiterated its commitment to improving IDC’s technical and operational ability to growth sales and its function in strategic initiatives.

Deputy Minister Khudair showed that the cabinet has authorized a finances allocation of 250 billion Iraqi dinars (~$172 million) for the procurement of latest drilling and workover rigs. He expressed gratitude to prime Minister Mohammed Shia Al-Sudani and Minister Hayan Abdul Ghani for securing the approval and helping IDC throughout all fronts.

The Ministry plans to provide IDC with more drilling and workover initiatives and enable the business enterprise to go into partnerships with upstream operators to secure direct manufacturing stocks-diversifying sales streams.

Khudair additionally emphasised the importance of adhering to occupational health, protection, and environmental (HSE) standards, intensifying schooling programmes, and upholding rigorous protection protocols.

IDC’s Director popular mentioned the employer’s technical and operational abilties, noting that most operational challenges are being resolved. He praised the performance of country wide workforce for their efficiency and determination.

Basra Oil organisation’s Director standard also commended IDC’s expertise, highlighting the spirit of national collaboration between oil quarter businesses and their function in delivering strategic initiatives that bolster Iraq’s financial system and production ability.