Oil Ministry signed a memorandum of strategic cooperation with the General Electric Company

April 28, 2016 7:32
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Oil Signs Memorandum with General Electric

Signed Iraqi Oil Ministry, with General Electric (GE company) US memorandum of strategic framework of a long-term cooperation includes the implementation of a number of projects for the benefit of the oil ministry, including cooperation in the field of reducing the extracted gas flaring from oil fields for use in electric power generation, as well as providing more than 400 MW power as energy oil installations before next summer.

He said Undersecretary oldest Fayyad good grace in a statement news agency Buratha received a copy of "The signing of the memorandum came after negotiations that lasted for two consecutive years was a success and to achieve the interests of both sides, which aims to develop a strategic program to reduce gas flaring and investment in the industry and energy operations, and the development of plans necessary for the establishment of the first monitoring and diagnostics center in the country to enable proactive maintenance operations fast and save time. "

He said. "The contract also includes improving the operational efficiency and performance of oil and gas facilities of the Ministry of oil which will help promote sustainable growth of the country wheel"

For his part, Undersecretary for gas Hamid Younis that "the signing of the memorandum was a fruit of the efforts made by the oil projects and companies Basra and gas refineries, the South and the South Oil Company, which will provide a memorandum relationship with the US company to secure the qualification necessary for the production of oil and escalate potential export of crude oil equipment operations, and provide the company's spare parts for equipment used in the production and export of crude oil within a record timeframe. "

In turn, Director General of Oil Projects Company Nihad Ahmed Moussa stressed that "the signing of the memorandum with the American company within the ministry's plan to support the oil and gas installations up to 800 units as well as direct communication to support the production units and field to prevent access junctions affect the pace of work as well as the safe operation of the provision of units production in Iraq. "

To that, the ministry spokesman Assem Jihad said the "memorandum will draw new plans in support of oil and gas production operations in Iraq, and it is a framework agreement, the first of its kind in the ministry, in order to enhance the performance of the oil and energy sector."

"The memorandum will provide more than 400 MW power as energy extra before next summer, where he will provide this energy continuity of operation of oil and gas installations without interruption, as well as to keep abreast of developments in performance and the adoption of modern technology through the use of modern equipment and services in the optimal investment of oil and gas wealth operations." .
News Agency Brathaalinvt