Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
Basra oil wealth a reconstruction tool for Iraq
by Daniel J. Graeber
Basra, Iraq (UPI) Sep 22, 2014


disclaimer: image is for illustration purposes only

Iraq is relying on Basra, the economic capital, to put the country on the road to recovery on the back of oil wealth, the oil minister said.

Iraqi Oil Minister Adil Abd al-Mahdi visited oil and natural gas installations in southern Iraq, saying there'd be a rise in production levels that would benefit the people of Iraq. Describing Basra as the economic capital of the country, the minister said oil, the ports and all parts of the energy sector would lift Iraq as a nation.

"These are not just promises," he said during Sunday's visit. "Our aim is to build Iraq."

Iraq last week said southern oil exports were 73.6 million barrels for August, down more than 2 percent from the previous month.

Oil ministry spokesman Assim Jihad said oil from the southern port city of Basra was sent to nearly three dozen international companies.

Kuwait Energy and Dragon Oil, two companies holding assets in Basra, announced the production of 2,000 barrels of oil per day during testing, describing the discovery as the "first significant success" in their Iraqi portfolio.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Russian energy migrating beyond West Siberia, EIA says
Washington (UPI) Sep 19, 2014
Russia is looking to develop energy in hard-to-reach areas as legacy production falls from its peak, the U.S. Energy Information Administration found. EIA said Russia typically depends on oil and gas fields in West Siberia. Production there has fallen from peak production levels in the 1980s and companies like Rosneft and Gazprom Neft are looking at new prospects. Last year, Russ ... read more


OIL AND GAS
Dry Conditions and Lightning Strikes Make for a Long California Fire Season

NASA Airborne Campaigns Focus on Climate Impacts in the Arctic

Severe flooding in Northern Pakistan photographed by NASA

EIAST announces Remote Sensing Applications Competition 2014

OIL AND GAS
Sam Houston State study examines use of GIS in policing

Western Sanctions Fail to Impede GLONASS Satellite Production

GPS Industries Bolsters Golf Course Digital Content Program

Thales to improve GPS satellite navigation system

OIL AND GAS
Brazil builds giant tower in Amazon to monitor climate

Climate change could 'fundamentally alter' US forests

Amazon deforestation up 29 pc in 2013 -- Brazil

New NASA Probe Will Study Earth's Forests in 3-D

OIL AND GAS
3D imaging may improve understanding of biofuel plant materials

Ethanol fireplaces: the underestimated risk

ACCESS II Confirms Jet Biofuel Burns Cleaner

Scientists create renewable fossil fuel alternative using bacteria

OIL AND GAS
UChicago-Argonne National Lab team improves solar-cell efficiency

Yingli Solar to Supply Over 24 MW of PV Modules to Pavana Solar Power Plant

A more efficient, lightweight and low-cost organic solar cell

Sungevity and ABC Carpet to Bring Solar Solutions to the Home

OIL AND GAS
RWE Innogy gets new British wind energy running

Moventas to service two turbines in Eesti Energia's Aulepa wind park

Wind Turbines Outperforming Expectations at Honda Transmission Plant

Stealth wind turbines to become operational in France in 2015

OIL AND GAS
Australia approves huge India-backed mine

Beijing shuts large coal power plant to curb smog: report

OIL AND GAS
Daughters of Chinese activists demand meeting with Obama

China's Xi starts South Asia tour in "paradise"

14 Nobel Laureates urge Zuma to give Dalai Lama visa

Half of wealthy Chinese plan to leave: survey




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.