America is confused about the fields shared between Iraq and Iran... huge, uncontrollable oil flows, 2 APRIL

by **Admin** Tue Apr 02, 2024 4:16 pm

America is confused about the fields shared between Iraq and Iran... huge, uncontrollable oil flows, 2 APRIL

America is confused about the fields shared between Iraq and Iran... huge, uncontrollable oil flows
March 28, 2024
Baghdad/Al-Masala Al-Hadath: Economist Simon Watkins said in a report published by the American Oil Price website that many unofficial flows emerged from increases in the oil fields shared between Iran and Iraq, so that it makes sense for the two countries to work to raise these increases significantly.
There are many fields shared between the two countries, the most prominent of which are Azadegan (on the Iranian side) / Majnoon (on the Iraqi side), Azar (Iran) / Badra (Iraq), Yadavoran (Iran) / Sinbad (Iraq), and Naft Shahr (Iran) / Naft Khana. (Iraq), Dehlran (Iran)/Abu Ghurab (Iraq), Baydar Gharb (Iran)/Fakka Field (Iraq), and Arvand (Iran)/South Abu Ghurab (Iraq).The new development initiative between Iran and Iraq will include assigning local companies, most of which are linked to the Iranian Revolutionary Guard or factions allied with Iran in Iraq, and their mission is to increase the return on oil extraction from the smaller joint fields, while Russian and Chinese companies will take the lead in the larger fields.

The idea of limiting local companies to smaller fields is to allow them to develop their oil extraction techniques (with help from Russia and China) so that they can guarantee the average recovery rates of 3.5 percent they have achieved at their designated sites.
...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/04/america-is-confused-about-fields-shared.html