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Iraq Starts Drilling 20 Oil Wells

An oil field is seen in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. (Reuters)
An oil field is seen in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. (Reuters)
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Iraq Starts Drilling 20 Oil Wells

An oil field is seen in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. (Reuters)
An oil field is seen in Dibis area on the outskirts of Kirkuk, Iraq October 17, 2017. (Reuters)

Iraq’s Oil Ministry announced on Tuesday that it kicked off a project to drill 20 oil wells in the Nasiriyah oil field in the southern Dhi Qar province.

Director-General of the Iraqi Drilling Company (IDC) Bassem Abdul Karim said the project is part of the contract signed with the Dhi Qar Oil Company in cooperation with the US Weatherford Company to provide oil services.

He told a press conference that the drilling process was using modern drilling rigs, and that the planned depth of each well is 2,200 meters.

The IDC has provided four modern devices with specific capabilities to implement the project within 18 months.

Last week, Abdul Karim revealed that Iraq signed contracts with American, Chinese, Russian and Azeri companies to explore for gas and crude oil in territorial waters in southern Iraq.

Companies include US Halliburton Co, Schlumberger Ltd and Weatherford and China's Bohai Drilling Engineering Co.

Iraq is targeting the oil and gas fields in the submerged zone and the Faw sea coasts to produce gas and crude oil, Abdul Karim noted.

These agreements with global companies will support the Iraq’s plan to construct submersible or submerged drilling rigs in offshore drilling processes, as well as train the company’s employees in accordance with the latest technologies and expertise in the field of diversified drilling.

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Saudi-Azerbaijan Strategic Partnership to Boost Economy, Renewable Energy

Azerbaijani Deputy Foreign Minister Yalchin Rafiyev (Asharq Al-Awsat)
Azerbaijani Deputy Foreign Minister Yalchin Rafiyev (Asharq Al-Awsat)
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Saudi-Azerbaijan Strategic Partnership to Boost Economy, Renewable Energy

Azerbaijani Deputy Foreign Minister Yalchin Rafiyev (Asharq Al-Awsat)
Azerbaijani Deputy Foreign Minister Yalchin Rafiyev (Asharq Al-Awsat)

Azerbaijan stressed the importance of strengthening its strategic partnership with Saudi Arabia, especially in trade, economy, and renewable energy, to boost regional and international cooperation.

Azerbaijani Deputy Foreign Minister Yalchin Rafiyev said both countries are exploring new opportunities for cooperation, particularly in renewable energy and climate.

Rafiyev highlighted the annual consultations between Riyadh and Baku as an important way to strengthen bilateral ties.

Speaking to Asharq Al-Awsat on the sidelines of the COP 16 climate conference in Riyadh, Rafiyev said he discussed joint projects with Saudi officials.

Rafiyev also pointed to the success of renewable energy cooperation, with Saudi firm ACWA Power leading a 240-megawatt offshore wind farm project in Azerbaijan.

At the conference, ACWA Power signed an agreement with UAE’s Masdar and Azerbaijan’s SOCAR Green to develop 3.5 gigawatts of offshore wind in the Caspian Sea, the first such project in Azerbaijan.

He added that Azerbaijan is becoming a key regional hub, linking the Gulf to Central Asia, and plays an active role in international climate finance, having led the Non-Aligned Movement for over four years.

Azerbaijan is working to expand its partnerships with Saudi Arabia, capitalizing on its strategic location and growing role in the global economy, said Rafiyev.

At the COP 16 climate conference in Riyadh, Rafiyev highlighted the importance of the recent COP29 conference in Baku, which helped strengthen ties between the two countries.

“The conference succeeded with Saudi support, leading to a new vision for cooperation that is currently being explored,” he said.

Rafiyev emphasized Azerbaijan’s role as a gateway for Gulf countries to Central Asia, playing a key part in linking these regions.

He also pointed to Azerbaijan’s contribution to international climate negotiations, securing a $300 billion financial target from developed nations to support developing countries.

Reflecting on Azerbaijan’s global influence, Rafiyev noted the country’s leadership of the Non-Aligned Movement for over four years.

“During our leadership, we showed our ability to play a significant global role,” he said.

He also spoke about Azerbaijan’s efforts during the COVID-19 pandemic, where the country helped unite developed and developing nations.

“We turned pandemic challenges into opportunities for cooperation, gaining unanimous support for a resolution at the UN,” Rafiyev added.