November 2 in Baghdad, the Iraqi government's oil minister Hussain al-Shahristani November 1 said here today that he expects the Italian oil and gas giant Eni and its partners in the next six years, will invest 35 billion U.S. dollars to develop Iraq's oil reserves with 4 billion barrels of Zubair oil field.
Shahristani is the Oil Ministry and the Iraqi government to an international consortium led by Eni SpA signed a Zubayr oil fields to develop after the initial agreement of the reporters made the remarks. Shahristani said in the next six years, and to the development of Zubair oil field's oil output to 1.2 million barrels is expected to take 35 billion U.S. dollars of investment, of which about 20 billion U.S. dollars of assets investment, an additional 15 billion was operating costs.
Eni has previously said that the company Occidental Petroleum and its partners the U.S. and South Korean gas company expects over the next seven years will be 10 billion U.S. dollars investment in Zubair oil field with a view to Zubair oil field increased to 1.125 million barrels per day.
Nov. 4, 2009
