Saudi desire to invest in the gas field “Akaz” in Al-Anbar


A senior official in Iraq, revealed the desire of Saudi Arabia to invest in Aakaz field, one of the largest natural gas fields in Iraq and the province of Anbar west of the country, within the Kingdom’s plans to invest in several areas in the country, indicating that the file is primarily technical for the government, and that there are problems with the company Korea won the contract to develop the field in 2012, but stopped work because of the invasion of the “Daqash” to the cities of the west and north of the country and control, including Anbar.
The field of Aakaz was discovered in 1881, but Baghdad decided not to invest in a plan known as the “resources of future generations.” The field south of the existing west of Anbar, an area of ​​more than 50 km and width 18 km and an estimated 9.8 trillion cubic meters of gas, As well as huge quantities of oil, and there are six wells dug by it was closed years ago.
According to the Iraqi official, the military operations inside the Anbar Desert, which stretches to Jordan to the south and Syria to the north, revealed potential oil and gas fields other than the oil crank field at Al-Qaim, and that Saudi Arabia also wants to explore them.
“A senior official in the Saudi energy sector told Iraq that there is a desire to invest the kingdom in the existing fields and carry out explorations in Anbar, adjacent to the Saudi Arabian city of Arar,” the official said in an interview with the New Arab newspaper.
The source stressed that the Saudi side reiterated its desire to invest instead of Korean or Chinese companies, and that Iraq will deal with the issue according to the principle of benefit, not from a political framework, because the field is still subject to a previous contract with a Korean company and was frozen due to the security situation, In the event that there is a defect in either of them.
The Iraqi oil ministry has already announced a plan to raise Iraq’s natural gas production to three times in 2018 by 1700 million cubic feet per day. Oil Minister Jabbar al-Luaibi said gas production would rise to 1,700 million cubic feet per day in 2018.
Last year, Iraq began exporting gas liquids from Basrah Gas Company, a joint venture between South Gas, Shell and Mitsubishi.
Iraqi observers link Saudi openness to Iraq recently and plans to invest in a number of Iraqi sectors, including energy.
“Saudi Arabia’s expertise in the field of gas is not the same in the field of oil, but its attempt to preempt companies and countries and put its investment in the Aakaz gas field in Anbar may be linked to the proximity of it, as well as trying to establish a successful project in the country, An economic weight in Iraq. ”
He pointed out that there are other countries in the region may also intervene in the event of the field to invest effectively, and ultimately the whole subject is linked to the security file in Iraq in general, and that region in particular, especially as it is close to the Syrian border.

Leave A Reply