Basra Oil announces the award of contracts worth 5.8 billion dollars to Iraqi companies

  • 14-07-2020, 15:12
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    Baghdad - INA


     Basra Oil Company announced today, Tuesday, that it referred contracts worth 5.8 billion dollars to Iraqi companies.

     The deputy general manager of the company, Basem Abdel Karim, said in a statement received by the Iraqi News Agency (INA), that "we passed by the days of the tenth anniversary of the formation of the Rumaila Employment Authority," noting that "since the organization took over the management and development of the largest oil producing fields in Iraq" and safely in 2010, the production rate of the Rumaila field increased by 40%, and the cumulative production amount since then has exceeded 4.9 billion barrels of oil, a success thanks mainly to the full cooperation between Basra Petroleum Company and BP and PetroChina and their workforce in Rumaila  The number is 7,000 individuals, 94% of whom are Iraqis. "

     He added: "The Rumaila Employment Authority partnership has proven to be a success story, as it respects its commitment to developing the field and building the capabilities of the workforce and increasing the level of production, and I thank everyone who contributed to this, especially the Basra Oil Company employees for their efforts by merging the work between them and the working experts  From the main operator. "

     He continued, "The management of the Rumaila Employment Authority consists of a partnership between Basra Oil Company, BP, and the Chinese PetroChina Company, in addition to the Iraqi Oil Marketing Company (SOMO), and these parties worked tirelessly to modernize the field, where 380 new wells were drilled and new technologies introduced.  And the establishment of a "digital field", in addition to providing more than 3 million training hours and awarding contracts with a total value of $ 5.8 billion to Iraqi companies.