The facility is owned by the Basra Oil Company (BOC) and located at the Zubair oil field, about 20 kilometers from the city of […], By John Lee. Petrofac's Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP), the UK-headquartered oil and gas contractor said on Thursday. Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. After the events of the year 2003, the whole of the fields, establishments and facilities of the company were damaged by vandalism, theft, arson and destruction. (ALI AL-AQILY/Iraq Oil Report) By Ali al-Aqily of Iraq Oil Report Published Monday, May 11th, 2020. US Customs Records Notifications available for Basra Oil Company (boc). GE Gas Power has said it has "marked a major milestone" by synchronizing two GT13E2 gas turbines to the national grid at the Zubair Permanent Power Generation Plant. The company has provided housing and health care for staff and achieved ambitious plans in the fields of rehabilitation and development. gravity of 23.7 degrees and sulfur content at 4.12 percent. Monday’s attack was the first since last summer to target US oil companies working in the oil-rich south. There are currently no scorecards for this company. The project is part of phase 2 of Majnoon oil field, located 60 kilometers from Basra. At 1.5 million barrels of oil a day (Mbopd) capacity, it is the world’s third biggest producing field and delivers approximately one-third of Iraq’s total oil supply.. ExxonMobil began producing Basrah Light in 2010 through our role as lead operator of the West Qurna 1 rehabilitation (ExxonMobil 60%, Oil Exploration Company of Iraq 25%, Shell West Qurna B.V. 15%). Two types of crude oil are exported: Basra Light Oil, which has an A.P.I. “Basra Company’s financi It has created institutes and centers for training, technical and administrative development. Iraqi oil services companies operating in Basra such as the Iraqi National Oil Company and Iraqi Oil Tanker Company both are cooperating with Weir group to support this activity; VLCC crude oil tanker – NAJAF (9197909) is taking a major role in supporting Iran oil mixing of 2/3 “Iran light” with 1/3 “Basra heavy” which assist Iranian global oil smuggle. China’s Hilong Oil Service & Engineering Company is to drill 80 oil wells at a cost of $54 million, while the Iraqi Drilling Company (IDC) will drill 43 oil wells at a cost of $255 million. has its headquarters in Basra. In terms of crude oil production, Iraq holds the 2nd place after Saudi Arabia. Majnoon is one of the richest oil fields in the world with an estimated 38 billion barrels of oil in place. Basra Oil Company (BOC) has signed two contracts for new drilling at the giant Majnoon oil field. In pursuance of the objectives of the law (80) for the year 1961, the National Oil Company was established by law No. Opinion: The Iraqi Dinar needs Political Support! During the mid–1970s there was a decree to nationalize the Basra oil company (BPC) and the activities of the Erab company in Maysan. The other posts […], Petrofac's Engineering & Production Services division (EPS) has secured a further six-month contract extension with Basra Oil Company (BOC) for its long-standing Iraq Crude Oil Export Expansion Project (ICOEEP). Iraq Petroleum Company discovered the fields between 1949 and 1961. Iraq's Oil Minister, Ihsan Ismaael [Ahsan Abdul-Jabbar Ismail], will reportedly become the head of a recently-revived Iraq National Oil Company (INOC). Apply to jobs near you. BOC is one of the major fundamental formations of the Iraq National Oil Company (INOC). Basra Oil Company Chief Sacked. […], By John Lee. There was attachment to the oil operation and establishment of the national oil company. #iraq #Oil and gas #Petrofac #Basra Oil Company (BOC) Disclaimer: This article is provided for informational purposes only. Follow future shipping activity from Basra Oil Company … Basra Oil Company operates five oil fields in the southern province of Basra. Salaries, reviews, and more - all posted by employees working at the top companies in Basra (Iraq). The onshore project is being developed in two phases, the first of which was commissioned in March 2014. gravity of 29.7 degrees and sulfur content at 2.85 percent and Basra Heavy Oil, which has an A.P.I. Learn how and when to remove these template messages, Learn how and when to remove this template message, http://www.iraqtradelinknews.com/2017/04/name-of-iraqi-south-oil-company-changed.html, https://en.wikipedia.org/w/index.php?title=South_Oil_Company&oldid=1002952379, Articles lacking sources from January 2010, Wikipedia articles in need of updating from April 2016, All Wikipedia articles in need of updating, Articles with multiple maintenance issues, Creative Commons Attribution-ShareAlike License, This page was last edited on 26 January 2021, at 19:55. During the 1970s the maximum rate of production from the south field was 2.75 million barrels per day (437,000 m3/d) and the planned limit was 4 million barrels per day (640,000 m3/d). ABEQ AlRumaila Company ARC has been established in 2015 in Basra, we are proudly dealing with the local and International Oil Companies' customer needs since its Establishment in Logistics, Custom Clearance & Transportation. The consortium of Basra Oil Company, Missan Oil Company and Petronas are planning to build a Central Processing Facility (CPF) Phase 2 at Majnoon Oil Field. West Qurna-2, located near Basra, Iraq, is one of the world’s biggest onshore oilfields. 188 likes. Salaries, reviews, and more - all posted by employees working at the top companies in Basra (Iraq). Jobs Companies Upload/Build a CV. The state-owned Korea Gas Corporation (KOGAS) has said that it has recouped its $2.49 billion investment in the Zubair oil field in southern Iraq. It is currently flared rather than captured. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. It is situated in Basra. Basrah Gas Company is an Iraqi company established by the Iraqi Government to meet an Iraqi challenge. (Source: Reuters), By John Lee. Get the right job in Basra with company ratings & salaries. ExxonMobil evacuated about 30 foreign engineers from Basra, Iraq, as a "temporary precautionary measure," the government-owned Basra Oil Company said Saturday. The company has previously worked at ExxonMobil's West Qurna 1 field in southern Iraq. Current production is roughly 3 million barrels per day. Yesterday (Thursday), the South Refineries Company (SRC) and Iraq's Ministry of Oil (MOO) signed the contract with Japan's JGC Corporation to start construction of a new Fluid Catalytic Cracking (FCC) Complex at Basrah Refinery. West Qurna-1 is one of the world’s largest oil fields. That challenge is to turn Basrah Province’s abundant endowment of natural gas into a blessing for the current and future generations. It exported the first shipment of oil from the company's port during the same month. Basrah Oil Company - Middle East's Largest Energy Portal, which delivers latest news, data, analysis and opinion for the region's Energy Professionals. Rumaila oil field lies close to the Kuwait border, approximately 50km west of Basra in southern Iraq.
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