The announcement was made by the Managing Director of the Oil Engineering and Development Company (PEDEC), Naji Saudoni, during a ceremony held to mark the endorsement of a contract on the development of the second phase of the Mansouri oil field. He forecasted the value of the contract to stand between 800 million to one billion dollars, and added that the financial resources of the project had already been determined. According to the official "early production from Southern Yaran oil field will be launched in a 20 month period even though the contractor will try to start early production in a 12 to 14 month period depending on circumstances". The field's crude reserves are light with 27 degree API.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor