Russia's Gazprom Neft and its partners developing the Badra oilfield in Iraq plan to invest a further US$2.5 billion in the project until 2030, the Gazprom Neft chief executive Alexander Dyukov said on Wednesday.
So far, investments by an international consortium which includes Gazprom Neft, South Korea's Kogas, Malaysia's Petronas, and Turkey's TPAO, have amounted to $4bn. Gazprom Neft is the project operator.
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Rosneft pays Kurdistan $1.3bn upfront in production deal
Saudi oil minister upbeat on oil as he visits Baghdad
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The oilfield is now producing 85,000 barrels per day, the Iraqi oil minister Jabar Al Luaibi said.
Its associated gas plant would increase output to 50 million cubic feet (mcf)/day in the first quarter of 2018, up from 35 mcf/day now, he added.
Iraq could import natural gas from Iran to be processed at the Badra gas facility, Mr Al Luaibi said.
Separately, Russia is satisfied with its cooperation with Iraq under the global oil production cut deal, the Russian energy minister Alexander Novak said on Wednesday.
Iraq is Opec's second-largest producer after Saudi Arabia with an output capacity of 4.8 million barrels per day (bpd) which Baghdad aims to increase to 5 million bpd.
Iraq was pumping an average of 4.33 million bpd in November under the global oil production cut deal led by Saudi Arabia and Russia. Last week, the deal was agreed to be extended to the end of 2018.
PRO BASH
Thursday’s fixtures
6pm: Hyderabad Nawabs v Pakhtoon Warriors
10pm: Lahore Sikandars v Pakhtoon Blasters
Teams
Chennai Knights, Lahore Sikandars, Pakhtoon Blasters, Abu Dhabi Stars, Abu Dhabi Dragons, Pakhtoon Warriors and Hyderabad Nawabs.
Squad rules
All teams consist of 15-player squads that include those contracted in the diamond (3), platinum (2) and gold (2) categories, plus eight free to sign team members.
Tournament rules
The matches are of 25 over-a-side with an 8-over power play in which only two fielders allowed outside the 30-yard circle. Teams play in a single round robin league followed by the semi-finals and final. The league toppers will feature in the semi-final eliminator.
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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The specs
Price: From Dh180,000 (estimate)
Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder
Transmission: Eight-speed automatic
Power: 320hp @ 5,700rpm
Torque: 400Nm @ 2,200rpm
Fuel economy, combined: 9.7L / 100km
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
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