Latest news with #Ukrzemresurs
Iraqi News
09-04-2025
- Business
- Iraqi News
Schlumberger to develop Iraq's Akkas gas field
Baghdad ( – The Iraqi cabinet approved on Wednesday a rapid plan to develop the Akkas gas field in western Iraq by the Midland Oil Company. According to a statement released by the Prime Minister's Office (PMO), Schlumberger, a global multinational oilfield services company, will implement the first phase of the field's development. The gas field is expected to produce 100 million standard cubic feet of gas per day within one year. The Akkas gas field, which was found in 1992, has approximately 5.6 trillion cubic feet of confirmed natural gas deposits. The Iraqi Ministry of Oil announced in April that it had signed a contract with the Ukrainian company Ukrzemresurs to develop the Akkas gas field in the western Iraqi province of Anbar. The Akkas gas field, which has sizable reserves, was being developed by the Korea Gas Corporation (KOGAS), a South Korean public natural gas company, before Ukrzemresurs won the contract.
Iraqi News
27-03-2025
- Business
- Iraqi News
Iraq expedites development of Akkas and Mansuriya gas fields
Baghdad ( – The Deputy Oil Minister for Extraction Affairs, Basim Khudair, stated on Tuesday that Iraq is making rapid progress in developing its Akkas and Mansuriya gas fields in order to meet the country's growing energy demands. Khudair's remarks took place during a field visit to the Midland Oil Company, where he assessed current output and facilities projects and emphasized the importance of increasing investments in the fields, according to a statement released by the Iraqi Oil Ministry. The Akkas gas field, which was found in 1992, has approximately 5.6 trillion cubic feet of confirmed natural gas deposits. The Iraqi Ministry of Oil announced in April that it had signed a contract with the Ukrainian company Ukrzemresurs to develop the Akkas gas field in western Iraq. The Akkas gas field, which has sizable reserves, was being developed by the Korea Gas Corporation (KOGAS), a South Korean public natural gas company, before Ukrzemresurs won the contract. In October 2024, Iraq signed a deal with a consortium of China's Jereh Group and Petro Iraq to develop the Mansuriya gas field in Diyala governorate in eastern Iraq. The Mansuriya gas field is one of Iraq's most promising producing sites, and the deal will increase the country's gas production by 300 million cubic feet per day. The Iraqi Minister of Oil, Hayan Abdul-Ghani, stated earlier that the development of the Mansuriya gas field will help the country meet its gas needs to fuel power plants. With estimated reserves of 4.5 trillion cubic feet of gas, Mansuriya, which stretches 20 kilometers long and three to four kilometers wide, is Iraq's second-largest gas field after Akkas.
Iraq Business
17-02-2025
- Business
- Iraq Business
Ukrainian Energy Company meets with Iraq's Oil Minister
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, received the Ukrainian Ambassador to Baghdad, Ivan Dovhanich, on Wednesday. The meeting was also attended by Deputy Head of the Diplomatic Mission, Sergiy Pushkarsky, Economic Affairs Representative Oleg Ishchenko, Director General of Ukrzemresurs, Maksym Mustafin, and the company's Iraq Director, Maksym Novikov. Discussions focused on bilateral cooperation in the oil, gas, and energy sectors. Last April, Iraq signed a contract with Ukrzemresurs to develop the Akkas gas field in Anbar Province. The Ministry of Oil subsequently defended the deal. (Source: Ministry of Oil) Tags: cg, featured, Ukraine, Ukrzemresurs
