7 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Al-Zaidi signs contract for Ajil Oil Field development
Prime Minister Ali Falah al-Zaidi attended the signing of the development and operation contract for the Ajeel oil field between North Oil Company and Kipt Company. The goal is to increase oil and gas production and strengthen Iraq's power generation system. The contract is valid for 25 years and aims to raise gas production from 135 million cubic feet per day to 300 million cubic feet, as well as to increase oil production from 30,000 barrels to 40,000 barrels per day. This step is part of the government's efforts to maximize the utilization of oil and gas resources and enhance the country's energy security.
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