Decline in investment Iraqi gas fields
Decline in investment Iraqi gas fields
06-02-2014 03:22 PM
Baghdad (news) .. A source from the company KOGAS of South Korea that the company is considering selling a stake of 49 per cent of the Akkas Iraqi gas owned by its wholly compared to 286.67 million dollars, explaining in a statement received by the Agency (news) copy of it, and having a plan to reduce debt include the possible sale of a stake in the Akkas and filed to the main shareholder, which the Korean government. was KOGAS – the largest company to buy liquefied natural gas in the world – has signed an agreement in 2011 to develop the Akkas field in Anbar province west of the country, which is the largest gas field in the country, with reserves of 5.6 trillion cubic feet. so expected Gazprom Oil arm of oil giant Russian gas ‘Gazprom’, the start of oil production from the field Badra Iraq through next spring, after the postponement of production processes due to security concerns and logistical. said First Deputy Chief Executive Officer of the company Vadim Yakovlev said ‘his company aimed to reach 15 thousand barrels per day during the current year, is expected to reach production to 170 thousand barrels per day by the year 2017. ‘ on the other hand predicted Yakovlev to reach the size of the company’s production from fields that invest in Iraqi Kurdistan in the fields Garmaan and the like and Halabja to 10 million tons per year by the year 2022. / End
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