Mustafa Mohamed Ibrahim
Basra is the third largest city in the Republic of Iraq and is the economic capital of Iraq and its first water outlet. Basra is located in the far south of Iraq and on the West Bank of Shatt al-Arab. It has a population of 2,796,000 and an area of 19,070 km2.
Own it.
Iraq is the fourth largest oil reserves in the world, estimated at 115 billion barrels. Basra has a large oil wealth. Statistics show that it owns 15 fields out of 77 fields, including 10 producing fields and is still waiting for development. These fields also contain oil reserves More than 65 billion barrels, accounting for 59 percent of the total Iraqi oil reserves.
As the revenues of oil in the budget of 2018 about 74 trillion Iraqi dinars and non-oil 12 trillion Iraqi dinars and include (taxes and customs duties and capital revenues, which concludes that the oil revenues are the main ones in the budget, which in turn determines the expenses and salaries and jobs and the volume of investments, The largest on the economic capital of Basra.
Basra has the largest oil fields in Iraq, including the Majnoon field, one of Basra's giant fields and contains a proven oil reserves ranging between 23-25 billion barrels and produces about 100 thousand barrels per day and was developed with a capacity of 600 thousand b / d.
The field of Nahran Omar, which is still modest production of about 1000 b / j, although it is from the giant fields and can reach the production capacity after the development of 500 thousand b / d and the number of wells, which contains 15 wells and reserves are certainly 6 billion barrels.
The field of West Qurna is also from the giant fields and contains a proven reserve of 18 billion barrels and the number of wells 247 wells, while the Rumaila North is one of the giant fields and in the seventies of the last century and the number of wells 340 wells, the ninth largest world oil field.
The extraction of crude oil in Basra is characterized by low production cost, which is the lowest at the global level, because the oil and gas fields are located on land and in the depths very close to the surface of the earth and most of the economic feasibility because of the size of large reserves and large area. And does not include complex geological formations, in addition to having border ports with Iran and Kuwait, as well as port revenues, estimated at 21 billion dinars per month.
The reason for the recent crisis in the economic capital (Basra) is not political but purely economic, despite the advantages of this economic capital, but it needs a restructuring of its economic structure, which contributes to the development of capacity to raise the economic level of the province
and the family.
Posting Permissions
Reply With Quote