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bdul-Mahdi: We aspire to maximize the investment in refining and petrochemicals
4/2/2015 0:00
BAGHDAD - morning
and continued oil price rise in international markets beyond the $ 56, a price that is set by the federal budget for the current year, while Oil Minister Adel Abdul-Mahdi stressed that the ministry has exceeded the historical figure in oil production, it was revealed that the oil agreement with Erbil arrived in stages «good».
A statement of the Ministry of Oil has received «morning» copy of it for Mahdi confirmed that «strategic ministry is not limited to an increase of the potential productivity of the country in the areas of oil and gas that we exceeded the historical figure in oil production» noting «We aspire to expand investment in areas of refining and petrochemicals. »
oil minister said «There is no doubt that oil and gas will play a major role in Iraq's economies during the next period is short, and will play a role in the Arab, regional and global economies» adding «orientation towards major international and Arab companies, cooperation and investment in Iraq, particularly in the works exploration and drilling, and the integration of energy networks of Arab, regional and pipes, and tanks and tankers, ports and refineries many other joint ventures ».
He added that «Investment One way to develop our economies and to accommodate the workforce idle many of our countries and in the conversion of our national companies to the same possibilities and capabilities of technological and scientific levels and global standards companies, which allow them to invest in our countries and in other alone or in a large coalitions to develop other energy sources all ».
and on the oil agreement between Baghdad and Erbil, Mahdi revealed, press statement, that «arrived in good stages and must sit down to resolve all outstanding issues between the federal government and the province» pointing that «the budget proved the subject and based on the agreement estimates and therefore must sit to resolve all outstanding issues between the federal government and the region».
In addition, she and the Oil Ministry optimism rising global oil prices, stressing its commitment to quotas Iraq in OPEC.
, ministry spokesman Assem Jihad He explained, a press statement, that «the rise in world oil prices is a positive indicator of the rise of five dollars in two days for up to $ 56» pointing out that «there may be changes in oil prices gradually and do not expect to fall again».
He Jihad «prices will be in the rise because of what happened from the drop is outside expectations due to the effects unrelated to the technical aspects of, or demand-size or other », adding that« oil prices began to recover climb down for good levels satisfy both producers and consumers because Iraq does not want to download a new additional burdens for states produced, including members of the Organization of Petroleum Exporting ».
and between ministry spokesman that «Iraq is working and what is still to create a kind of balance in the supply and demand of global oil markets through its role in OPEC» pointing out that «the crisis falling prices are temporary and not Iraq only experience, but many of the producing countries and soon will regain levels and thus return the Iraqi economy to health. »
Jihad stressed that «the reason for the increase attributable to the fact that the decline was not normal is not about technical aspects, but there were influences and factors outside the contexts affecting the market and prices».
However, Jihad said « All of these factors combined do not lead to a decline that we are witnessing today in the price of oil and up to these levels, and it is possible that prices drop to around $ 70 either up to below $ 50 did not expect even the most pessimistic in the oil market », stressing that« circumstance is a natural behind the drop in prices and the impact of where and what it is normal as we have the case of a drop in prices will be temporary and that is what happened, and now Oil prices began to rise ».
Between Jihad «Iraqi economy unilateral economy is directly dependent on the revenue from the sale of oil and constitute almost 93 percent of state revenues and the decline led to a budget deficit and rising prices, indicating that the return to normal would ease the difficulties of the Iraqi economy and reduce the deficit ratio »hoping to« be positive changes in oil prices for the restoration of the Iraqi economy recovers and reflected on oil projects and the income citizens and the movement of the market as well. »
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4/2/2015 0:00
BAGHDAD - morning
and continued oil price rise in international markets beyond the $ 56, a price that is set by the federal budget for the current year, while Oil Minister Adel Abdul-Mahdi stressed that the ministry has exceeded the historical figure in oil production, it was revealed that the oil agreement with Erbil arrived in stages «good».
A statement of the Ministry of Oil has received «morning» copy of it for Mahdi confirmed that «strategic ministry is not limited to an increase of the potential productivity of the country in the areas of oil and gas that we exceeded the historical figure in oil production» noting «We aspire to expand investment in areas of refining and petrochemicals. »
oil minister said «There is no doubt that oil and gas will play a major role in Iraq's economies during the next period is short, and will play a role in the Arab, regional and global economies» adding «orientation towards major international and Arab companies, cooperation and investment in Iraq, particularly in the works exploration and drilling, and the integration of energy networks of Arab, regional and pipes, and tanks and tankers, ports and refineries many other joint ventures ».
He added that «Investment One way to develop our economies and to accommodate the workforce idle many of our countries and in the conversion of our national companies to the same possibilities and capabilities of technological and scientific levels and global standards companies, which allow them to invest in our countries and in other alone or in a large coalitions to develop other energy sources all ».
and on the oil agreement between Baghdad and Erbil, Mahdi revealed, press statement, that «arrived in good stages and must sit down to resolve all outstanding issues between the federal government and the province» pointing that «the budget proved the subject and based on the agreement estimates and therefore must sit to resolve all outstanding issues between the federal government and the region».
In addition, she and the Oil Ministry optimism rising global oil prices, stressing its commitment to quotas Iraq in OPEC.
, ministry spokesman Assem Jihad He explained, a press statement, that «the rise in world oil prices is a positive indicator of the rise of five dollars in two days for up to $ 56» pointing out that «there may be changes in oil prices gradually and do not expect to fall again».
He Jihad «prices will be in the rise because of what happened from the drop is outside expectations due to the effects unrelated to the technical aspects of, or demand-size or other », adding that« oil prices began to recover climb down for good levels satisfy both producers and consumers because Iraq does not want to download a new additional burdens for states produced, including members of the Organization of Petroleum Exporting ».
and between ministry spokesman that «Iraq is working and what is still to create a kind of balance in the supply and demand of global oil markets through its role in OPEC» pointing out that «the crisis falling prices are temporary and not Iraq only experience, but many of the producing countries and soon will regain levels and thus return the Iraqi economy to health. »
Jihad stressed that «the reason for the increase attributable to the fact that the decline was not normal is not about technical aspects, but there were influences and factors outside the contexts affecting the market and prices».
However, Jihad said « All of these factors combined do not lead to a decline that we are witnessing today in the price of oil and up to these levels, and it is possible that prices drop to around $ 70 either up to below $ 50 did not expect even the most pessimistic in the oil market », stressing that« circumstance is a natural behind the drop in prices and the impact of where and what it is normal as we have the case of a drop in prices will be temporary and that is what happened, and now Oil prices began to rise ».
Between Jihad «Iraqi economy unilateral economy is directly dependent on the revenue from the sale of oil and constitute almost 93 percent of state revenues and the decline led to a budget deficit and rising prices, indicating that the return to normal would ease the difficulties of the Iraqi economy and reduce the deficit ratio »hoping to« be positive changes in oil prices for the restoration of the Iraqi economy recovers and reflected on oil projects and the income citizens and the movement of the market as well. »
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