flynas Receives its 53rd of 120 Airplanes in Airbus Order

flynas took delivery of the 53rd new aircraft out of its order for 120 A320neo aircraft from Airbus. (SPA)
flynas took delivery of the 53rd new aircraft out of its order for 120 A320neo aircraft from Airbus. (SPA)
TT

flynas Receives its 53rd of 120 Airplanes in Airbus Order

flynas took delivery of the 53rd new aircraft out of its order for 120 A320neo aircraft from Airbus. (SPA)
flynas took delivery of the 53rd new aircraft out of its order for 120 A320neo aircraft from Airbus. (SPA)

flynas, a Saudi air carrier and the leading low-cost airline in the Middle East and the world, took delivery of the 53rd new aircraft out of its order for 120 A320neo aircraft from Airbus.

The move is part of flynas' "We connect the world to the Kingdom" strategic plan that is in line with the National Civil Aviation Strategy to connect Saudi Arabia with 250 International destinations, accommodate 330 million passengers, and host 100 million tourists yearly by 2030.

The 53rd airplane of the next-generation model touched down at King Khalid International Airport in Riyadh. This will consolidate flynas' position as the leading low-cost airline in the Middle East, and one of the top four low-cost airlines in the world, according to Skytrax.

In parallel with upscaling the flynas fleet, taking delivery of the new aircraft contributed to generating hundreds of quality jobs in the aviation sector directly and indirectly, as flynas recently announced the opening of applications in several programs, including the Future Pilots Program, Future Engineers Program, and the Cabin Crew Program for Saudi men and women.

Boosting A320neo aircraft share in the flynas fleet reinforces the leading low-cost carrier's commitment to sustainability and environmental protection. The A320neo is considered the most advanced, environmentally friendly, and fuel-efficient single-aisle airplane worldwide.



Iraq to Sign Deal with Halliburton to Develop Nahr Bin Omar Oilfield

Participants observe a presentation at Halliburton's booth at the World Petroleum Congress in Houston, Texas, US December 7, 2021. REUTERS/Liz Hampton/File Photo
Participants observe a presentation at Halliburton's booth at the World Petroleum Congress in Houston, Texas, US December 7, 2021. REUTERS/Liz Hampton/File Photo
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Iraq to Sign Deal with Halliburton to Develop Nahr Bin Omar Oilfield

Participants observe a presentation at Halliburton's booth at the World Petroleum Congress in Houston, Texas, US December 7, 2021. REUTERS/Liz Hampton/File Photo
Participants observe a presentation at Halliburton's booth at the World Petroleum Congress in Houston, Texas, US December 7, 2021. REUTERS/Liz Hampton/File Photo

Iraq and US oil services firm Halliburton are close to finalizing an agreement to develop the Nahr Bin Omar oilfield, the head of Iraq's Basra Oil Company (BOC) told Reuters on Thursday.

Bassem Abdul Karim, director general of state-run BOC, said Iraq's oil ministry and Halliburton are expected to sign a confidentiality agreement in the coming days, after which Iraq will provide Halliburton with data on the Nahr Bin Omar field and its installations.

Under the deal, Halliburton will help Iraq in increasing production at the field to 300,000 barrels per day (bpd), Abdul Karim said, though he did not specify a timeline. The field currently produces around 50,000 bpd, Reuters reported.

"Halliburton will also help Iraq to produce 300 million cubic feet of gas from the field", said Abul Karim.

Abdul Karim said oil production at the West Qurna 1 field, operated by PetroChina in southern Iraq, is expected to reach 750,000 bpd by the end of 2025, up from the current 550,000 bpd. PetroChina holds the largest stake in the field following Exxon's exit.

To reduce its gas import bill, Iraq has selected China Petroleum Engineering & Construction Corporation (CPECC) to develop a $1.7 billion gas project at the Nahr Bin Omar field, which will produce 300 million standard cubic feet (mscf) of gas, according to the BOC manager.

"We are in talks with CPECC to reduce the project's cost, and final signing is imminent," he said.

Asked about the impact of the latest sanctions targeting Russia on the global crude supplies and if Iraq is ready to lift production, Abdul Karim said Iraq has the capacity to increase its oil production by 200,000 barrels per day (bpd) immediately if asked by OPEC.

Iraq's oil exports from its southern ports averaged 3.232 million bpd in December, he added.