Latest news with #HayanAbdulGhaniAl-Sawad
Iraqi News
30-04-2025
- Business
- Iraqi News
Oil Ministry Signs Addendum to East Baghdad Oilfield Development Contract with China's EBS
Deputy Prime Minister for Energy Affairs and Oil Minister, Hayan Abdul Ghani Al-Sawad, on Wednesday sponsored the signing of an addendum to the development contract for the southern section of the East Baghdad oilfield with Chinese firm EBS. In an official statement received by the Iraqi News Agency (INA), the minister stated that the amended agreement will contribute to boosting crude production at the East Baghdad field to 100,000 barrels per day, up from the current 45,000 to 50,000 bpd. This increase will be achieved by expanding the contracted development area within the field. The minister added that the agreement includes the adoption of directional and horizontal drilling techniques for six new wells to enhance production capacity. The revised contract also stipulates the construction of four storage tanks—two with a capacity of 10,000 cubic meters and two with a capacity of 3,000 cubic meters. Basim Muhammad Khudair, Deputy Minister for Upstream Operations, emphasized that the addendum will introduce new production capabilities and obliges the Chinese company to implement six oil infrastructure projects on behalf of the Midland Oil Company. He further noted that the project will generate a range of employment opportunities by attracting diverse engineering and technical expertise, while also delivering community development projects that provide essential services to local residents near the field. Meanwhile, the Director General of Midland Oil Company, Mohammed Yassin Hassan, stated that the contract entails several operational initiatives, including the establishment of a mobile air purification laboratory to monitor pollution levels, as well as the installation of a wastewater management system to handle drilling waste.
Shafaq News
25-04-2025
- Business
- Shafaq News
Iraq plans to build largest solar power station
Shafaq News/ Iraqi government intends to establish the country's largest electricity generation plant using solar energy, Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani Al-Sawad said on Friday. According to a statement issued by the Ministry of Oil, the announcement came during Al-Sawad's meeting with International Energy Agency (IEA) Executive Director Fatih Birol on the sidelines of the Future of Energy Security Summit, which opened Thursday in London. Al-Sawad emphasized the importance of increasing the use of alternative energy sources in Iraq, particularly in electricity generation. The minister said Iraq has multiple clean energy projects underway, including the planned construction of the country's largest solar-powered electricity station. He also cited initiatives to utilize gas in national industries, calling it a strategic step in the government's program to diversify energy sources. On Thursday, the oil minister reiterated that fossil fuels will remain a key source of energy and industrial input in the coming years. Highlighting the Iraqi government's efforts and plans to expand the use of renewable energy, especially in solar power projects aimed at generating 12,000 megawatts, He also pointed to significant investments in associated gas from several projects, including the Integrated South Project in cooperation with TotalEnergies, which will, for the first time, involve the use of seawater for injection in oil fields. The Future of Energy Security Summit is being held in collaboration between the UK government and the IEA, with participation from energy ministers and senior officials from over 60 countries, as well as major global energy companies.
Iraq Business
19-02-2025
- Business
- Iraq Business
Iraq, Russia Discuss Energy Cooperation
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani Al-Sawad, met on Sunday with Russian Ambassador to Baghdad, Elbrus Kutrashev, and a delegation from Russia's OMK Group. Discussions focused on enhancing bilateral cooperation in the oil, gas, and energy sectors. According to its LinkedIn page, United Metallurgical Company (OMK) is one of Russia's largest producers of pipes, railway wheels and other steel products for energy, transport and industrial companies. (Sources: Ministry of Oil, LinkedIn)
