450,000 barrels and 500 million cubic meters of gas per day… Oil Minister announces the goals of the Kirkuk Fields Operating Authority
450,000 barrels and 500 million cubic meters of gas per day… Oil Minister announces the goals of the Kirkuk Fields Operating Authority
2026-10-15
Shafaq News – Baghdad
Oil Minister Bassem Mohammed Khudair Al-Abadi oversaw on Thursday the transfer of operations from the North Oil Company and the North Gas Company to the Joint Operating Authority for the four Kirkuk fields (Kirkuk, Bai Hassan, Khabbaz and Jambur), as part of the government and ministry’s plans and strategy to develop the oil and gas industry.
The process took place via closed-circuit television, during which the minister confirmed that this contract is important, and it is planned that we will reach high levels in oil production, reaching 450,000 barrels per day, and investing 500 million standard cubic feet per day of gas, indicating that this project needs diligent work around the clock to achieve the desired goals, which are in the interest of the national economy.
He added that BP is an active strategic partner in oil and gas investment, and that working with it in a spirit of teamwork positively impacts the work on the project, in addition to facing challenges and obstacles. He stressed that the ministry will provide the necessary support to the company in this project, to achieve the desired goals, through the diligent work of the North Oil and Gas Company and the follow-up of the ministry’s undersecretaries for extraction affairs and gas affairs.
The minister indicated that the project is integrated for oil and gas investment, and that the next phase will witness the training of ministry staff and the transfer of expertise and technology. In addition, the project includes providing community services to build service facilities needed by local residents, according to a statement issued by the Iraqi Ministry of Oil.
shafaq.com
