Category
🗞
NewsTranscript
00:00 "In fact, in 2018, we participated in the fifth license round, in which we won three
00:08 positions.
00:09 One position in Basra province and two positions in Diyala province, and perhaps these two
00:13 are what you refer to in this question.
00:16 The two positions are the field of the Red Throat and Injana, the first position, and the
00:20 field of the Gulabat and Qomar, the second position.
00:23 Our activity will start, God willing, in the field of the Red Throat, initially, by producing
00:28 gas.
00:29 We started in the field of the Red Throat since October.
00:32 We signed a contract with the Oil and Gas Ministry and the Central Oil Company on
00:37 October 15, and the work started from then.
00:40 And, God willing, we will reach the production of early gas in the early years of 2025.
00:46 Also, the rest of the work that extends to the field of Injana and the other two fields,
00:52 Gulabat and Qomar, God willing, will also start in parallel with these works.
00:57 The cost of our investments in Diyala province, in these two positions, is approximately
01:03 one billion dollars during the first two years of this project.
01:08 And we are looking at the production of gas in the first and early stages, and then oil
01:14 also from these fields.
01:16 What are the projects of the company, the new oil company of the crescent of 2024?
01:21 Is it possible to expand it?
01:23 And is there a direction in the presence and entry into other markets?
01:26 Yes, we are working hard to commit to what we offered to the brothers in the Ministry
01:33 of Oil and the two companies, the Central Oil and Basra Oil, to achieve the work in
01:39 these areas that we took in the fifth license round.
01:43 We are also continuing our work in our fields in northern Iraq, Kurdistan region.
01:48 In addition to these works in Iraq, we are also looking for investment opportunities
01:54 in the field of extraction in many countries.
01:58 Currently, the focus is more on the North African region, but that does not mean that
02:03 we do not look at other areas as well.
02:06 We hope that in the year 2024, we will reach, God willing, opportunities in these countries
02:13 that expand our business.
02:15 What is the plan of the oil company of the crescent of the province on the neutrality
02:19 of carbon through operations?
02:21 How can we achieve less carbon density in the Middle East and North Africa, especially
02:25 since you committed to zero emissions, for example, in the climate initiative of the
02:29 oil and gas company?
02:31 Yes, at the beginning, I tell you that we at the crescent oil company are always looking
02:36 for sustainability and achieving the highest levels of efficiency in our operations.
02:41 We are proud to be the first company in the Middle East and North Africa that reaches
02:47 the full limit of carbon emissions in its operations net zero, in September 2021.
02:53 By reducing carbon emissions, we produced about 6 kilograms of each barrel of oil.
03:03 The remaining amount was used to measure carbon emissions.
03:11 We have reached net zero.
03:13 This is, thank God, one of the few companies in the world in our operations in terms of
03:19 carbon emissions.
03:21 Six kilograms of each real barrel of oil is about six of the average that most oil companies
03:29 in the world produce.
03:31 We continue to commit to the initiative that you mentioned, the zero emission of methane
03:38 gas, we are currently developing our business through the use of new technology, ELDAR, to
03:46 reduce these emissions and reach zero, God willing, even before the date of 2030.
03:53 We also committed in the last climate conference to the limit of carbon emissions to zero in
03:59 all our operations, whether current or future.
04:04 I believe that the commitment that the Helal Oil Company presents in its operations is
04:10 a model and we really hope that it is seen as a model in our region, especially in the
04:17 Middle East, and specifically in Iraq, where the bad environmental effects of carbon emissions
04:23 from the production of real oil have a great impact on local communities.