Minister says developing Iraq’s Mansuriya gas field to cost $2.1b

BAGHDAD — Iraqi Oil Minister Ihsan Abdul Jabbar said on Monday that the development of the Mansuriya gas field on the coast near the Iranian border is expected to cost $2.1 billion.اضافة اعلان

Abdul Jabbar said in a news conference that he does not expect oil prices to go below $65 per barrel and that lower oil prices should not be a concern after OPEC+ eases production cuts from May.

Iraq is in discussions over purchasing of ExxonMobil shares in the southern West Qurna 1 oilfield, he added.

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