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By John Lee.
The Basra Oil Company (BOC) will reportedly reduce production at the Nahr Bin Umar oilfield due to pollution and gas emissions.
Director General Ihsan Abduljabbar [Ihsan Abdul Jabbar Ismail] is quoted as saying that the field is considered one of Iraq’s most controversial because of pollution and gas emissions.
(Source: Reuters)
By John Lee.
ExxonMobil‘s giant oil project in southern Iraq is reportedly on hold.
According to Reuters, a combination of contractual difficulties and security concerns is delaying agreement on the $53-billion Southern Iraq Integrated Project, which includes the construction of a water treatment plant needed to boost oil production. The deal would have seen Exxon get the rights to develope the Nahr Bin Umar and Artawi oilfields.
Last month, Oil Minister Thamer al-Ghadban criticised ExxonMobil‘s decision to temporarily evacuate staff from the West Qurna oil field following an attack in the area.
(Source: Reuters)
By John Lee.
Police on Sunday have reportedly used tear gas to disperse around 150 protesters at the main entrance to the Nahr Bin Omar oilfield in Basra.
According to Reuters, officials said operations were running normally, with production at about 44,000 bpd.
The field is operated by the state-run Basra Oil Company (BOC).
(Source: Reuters)
By John Lee.
Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] has announced an agreement with an American company to invest in the flare gas associated with the Nahr Bin Umar oil field in Basra governorate.
The Ministry names the company as “Oren”, but Iraq Oil Report identifies it as the Houston-based Orion Gas Processors.
A memorandum of understanding is expected to be signed between the company and the Basrah Gas Company (BGC) in the coming days.
Orion says its “innovative patented and patent-pending technologies extract hydrocarbons from underutilized gas streams, creating stable liquids that may be blended into the oil stream. High extraction yields combined with knowledge-based blending creates superior economics for oil producers over competing technologies.”
According to the Ministry, the field produces about 40,000 barrels of crude oil per day (bpd), and 25 MSCF of gas per day.
(Source: Oil Ministry, Iraq Oil Report)