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Abdul-Mahdi is likely to double the current actual production in 2020 and emphasizes the fight against corruption and the role of the private sector
Long-Presse / Baghdad
Ruled Iraq's oil minister, on Monday, the possibility of producing 12 or even nine million barrels per day in 2020, while likely to be doubled, "the current actual" production by that date if they are to attract major international companies for the rehabilitation of its facilities, emphasized the need to combat corruption and improve with management and the creation of an effective private sector.
This came in an interview conducted by the newspaper The Telegraph British telegraph with the Iraqi oil minister, Adel Abdul-Mahdi, in the Austrian capital of Vienna, on the sidelines of the Organization of Petroleum Exporting Countries meetings (OPEC), and seen by the (long-Presse).
Abdul-Mahdi said, "The organization Daash no longer poses a significant threat to the vital oil installations in the country," noting that "the Iraqi government is trying to do a comprehensive reforms to root out corruption and reduce expenses and maximize oil production by 2020".
The minister added that "Iraqi forces had inflicted heavy losses Daash organization in recent weeks, particularly in the area north of Baiji, Salahuddin province, with the help of the international coalition aircraft raids," stressing that "the Baiji refinery became fully insured."
He explained Abdul-Mahdi, that "the security forces have done well with the support of international airline alliance, and was able to free up a lot of land, which was controlled by Daash," returned to "Daash no longer find a safe place in Iraq."
According to the Telegraph, that "the Iraqi Oil Ministry previously said it would be able at the end of the current contract to pump about 12 million barrels per day and that Pfsh area for international oil companies to extract more from the country's reserves, estimated at 144 billion barrels."
He acknowledged the Iraqi oil minister, according to the British newspaper, that "a portion of those Iraqi ambitions unrealistic," returned to "production doubled to six million barrels per day by 2020 it will be possible, provided that the country attracts an adequate level of oil investments that will require the drilling of new wells and improve infrastructure of existing facilities that need a lot of maintenance and rehabilitation work after decades of instability. "
The British newspaper, that "Iraq is trying to maintain that strategy despite the current decline of oil prices, which reached to less than $ 70 a barrel as OPEC calls to reduce production in order to ensure recovery of prices."
And saw the telegraph, that "Iraq needs oil prices stand at the rate of $ 80 a barrel to draw a budget," adding that, "Abdul-Mahdi described OPEC's decision to stay on the same production rate, poor thing."
Promised the newspaper, that "it does not prevent the country from the pursuit of its ambitious goals over the next five years to increase its exports of crude oil rates."
The Telegraph quoted from the Iraqi oil minister, as saying that "talk about the production of 12 million barrels per day exaggerated," returned to "nine million barrels a major figure, too."
The Abdul-Mahdi, his belief that "Iraq is double the current production of the actual can in 2020 and beyond," adding, "but the issue is related to investment in the oil industry, which include installations and pipeline network across the country, sector, as well as going to export gas, has achieved all before 2020. "
And continued the paper, based on the words of Iraqi Oil Minister Adel Abdul-Mahdi, that "the increase Iraq's production by one million barrels per day requires him to invest at least five billion dollars."
Saw Abdul-Mahdi, according to the Telegraph, that "It's the most vital that Iraq must do now with live with the pressure of falling prices, is ensuring that bring foreign investment to the sector of the oil industry in the country, from giant companies, such as Dutch Shell and British Petroleum, BP British working Currently in the southern crazy and Rumaila, which promise to Iraq's largest oil fields. "
It quoted the telegraph for the Iraqi oil minister, was quoted as saying during a meeting with the Chief Shell officials, on the sidelines of the OPEC Conference, "The BP BP company operates the largest field in the country, which constitutes half of the production of almost fields of the South, which is also interested in a field of Kirkuk," he said, adding that "the company Shell has interests in Iraq and the ministry is very interested in the subject. "
The British newspaper, it is to "achieve victories on the side of the organization and ensure Daash oil minister, other oil investments to top global companies, the biggest challenge for now is to achieve broader reforms in the oil ministry through his campaign against corruption."
Said Abdul-Mahdi, speaking to the newspaper, that "corruption does not mean to steal money, but also the manner in which is managed by the things, we sow a lot of money and we have to stop it," and added that "the economy, which is managed by the state only, often fall ill, corruption, Therefore, we need the private sector to cope with it. "
He's oil minister said, "The Iraq needs good management, and there is a lot of corruption in the country because of easy money, so the priority is the reform of the administrative side," and increased if "what has been achieved so I think that Iraq would be a good financial, because the problem is that endure in the country lies not only in revenues, but also in a way dispensing, where it goes mostly on wages, salaries and benefits, and the country has gone too far in this approach and this is a big problem. "
It is noteworthy that Iraq currently produces about three million barrels a day, and he plans to produce nine million barrels per day by 2020, as announced by former deputy prime minister for energy affairs, Hussein al-Shahristani, in (18 December 2013), during his participation Economic Forum Arab Japanese Third in the capital Tokyo.
Also mentions that the fight against corruption is one of the priorities of the Government of Haider al-Abadi, being the biggest challenge to the side of security, facing Iraqi governments since the end of the US war on Iraq in 2003, has reached the levels of corruption in Iraq end led international organizations specialized to put it among the most corrupt countries in the world.
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Long-Presse / Baghdad
Ruled Iraq's oil minister, on Monday, the possibility of producing 12 or even nine million barrels per day in 2020, while likely to be doubled, "the current actual" production by that date if they are to attract major international companies for the rehabilitation of its facilities, emphasized the need to combat corruption and improve with management and the creation of an effective private sector.
This came in an interview conducted by the newspaper The Telegraph British telegraph with the Iraqi oil minister, Adel Abdul-Mahdi, in the Austrian capital of Vienna, on the sidelines of the Organization of Petroleum Exporting Countries meetings (OPEC), and seen by the (long-Presse).
Abdul-Mahdi said, "The organization Daash no longer poses a significant threat to the vital oil installations in the country," noting that "the Iraqi government is trying to do a comprehensive reforms to root out corruption and reduce expenses and maximize oil production by 2020".
The minister added that "Iraqi forces had inflicted heavy losses Daash organization in recent weeks, particularly in the area north of Baiji, Salahuddin province, with the help of the international coalition aircraft raids," stressing that "the Baiji refinery became fully insured."
He explained Abdul-Mahdi, that "the security forces have done well with the support of international airline alliance, and was able to free up a lot of land, which was controlled by Daash," returned to "Daash no longer find a safe place in Iraq."
According to the Telegraph, that "the Iraqi Oil Ministry previously said it would be able at the end of the current contract to pump about 12 million barrels per day and that Pfsh area for international oil companies to extract more from the country's reserves, estimated at 144 billion barrels."
He acknowledged the Iraqi oil minister, according to the British newspaper, that "a portion of those Iraqi ambitions unrealistic," returned to "production doubled to six million barrels per day by 2020 it will be possible, provided that the country attracts an adequate level of oil investments that will require the drilling of new wells and improve infrastructure of existing facilities that need a lot of maintenance and rehabilitation work after decades of instability. "
The British newspaper, that "Iraq is trying to maintain that strategy despite the current decline of oil prices, which reached to less than $ 70 a barrel as OPEC calls to reduce production in order to ensure recovery of prices."
And saw the telegraph, that "Iraq needs oil prices stand at the rate of $ 80 a barrel to draw a budget," adding that, "Abdul-Mahdi described OPEC's decision to stay on the same production rate, poor thing."
Promised the newspaper, that "it does not prevent the country from the pursuit of its ambitious goals over the next five years to increase its exports of crude oil rates."
The Telegraph quoted from the Iraqi oil minister, as saying that "talk about the production of 12 million barrels per day exaggerated," returned to "nine million barrels a major figure, too."
The Abdul-Mahdi, his belief that "Iraq is double the current production of the actual can in 2020 and beyond," adding, "but the issue is related to investment in the oil industry, which include installations and pipeline network across the country, sector, as well as going to export gas, has achieved all before 2020. "
And continued the paper, based on the words of Iraqi Oil Minister Adel Abdul-Mahdi, that "the increase Iraq's production by one million barrels per day requires him to invest at least five billion dollars."
Saw Abdul-Mahdi, according to the Telegraph, that "It's the most vital that Iraq must do now with live with the pressure of falling prices, is ensuring that bring foreign investment to the sector of the oil industry in the country, from giant companies, such as Dutch Shell and British Petroleum, BP British working Currently in the southern crazy and Rumaila, which promise to Iraq's largest oil fields. "
It quoted the telegraph for the Iraqi oil minister, was quoted as saying during a meeting with the Chief Shell officials, on the sidelines of the OPEC Conference, "The BP BP company operates the largest field in the country, which constitutes half of the production of almost fields of the South, which is also interested in a field of Kirkuk," he said, adding that "the company Shell has interests in Iraq and the ministry is very interested in the subject. "
The British newspaper, it is to "achieve victories on the side of the organization and ensure Daash oil minister, other oil investments to top global companies, the biggest challenge for now is to achieve broader reforms in the oil ministry through his campaign against corruption."
Said Abdul-Mahdi, speaking to the newspaper, that "corruption does not mean to steal money, but also the manner in which is managed by the things, we sow a lot of money and we have to stop it," and added that "the economy, which is managed by the state only, often fall ill, corruption, Therefore, we need the private sector to cope with it. "
He's oil minister said, "The Iraq needs good management, and there is a lot of corruption in the country because of easy money, so the priority is the reform of the administrative side," and increased if "what has been achieved so I think that Iraq would be a good financial, because the problem is that endure in the country lies not only in revenues, but also in a way dispensing, where it goes mostly on wages, salaries and benefits, and the country has gone too far in this approach and this is a big problem. "
It is noteworthy that Iraq currently produces about three million barrels a day, and he plans to produce nine million barrels per day by 2020, as announced by former deputy prime minister for energy affairs, Hussein al-Shahristani, in (18 December 2013), during his participation Economic Forum Arab Japanese Third in the capital Tokyo.
Also mentions that the fight against corruption is one of the priorities of the Government of Haider al-Abadi, being the biggest challenge to the side of security, facing Iraqi governments since the end of the US war on Iraq in 2003, has reached the levels of corruption in Iraq end led international organizations specialized to put it among the most corrupt countries in the world.
[You must be registered and logged in to see this link.]
