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Conscious / Oil Minister: Iraq's oil reserves will reach 200 billion barrels
17/02/2015
Conscious / Baghdad / m. The
Oil Minister Adel Abdul Mahdi, on Tuesday, Iraq need a national policy to transform the oil and gas to drive sustainable and inclusive economic development, and not to a single source for the economy.
A statement of the Office of Adel Abdul-Mahdi received (news agency, media / INA) as saying: "Iraq's oil reserves, upon completion of oil explorations and surveys, will exceed 200 billion barrels, in the third or fourth globally."
He added: "Iraq has large reserves of natural gas, both its free and the accompanying, estimated at 132 trillion standard cubic feet ( Tscf) To occupy it ranked 12 globally, and is expected to complete the explorations that reservists certainly up to 280 trillion standard cubic feet, the fifth largest in the world. "
He continued: "The oil ministry believes investments and joint cooperation, especially in the works of exploration, drilling and energy integration of Arab, regional and piping, and tanks and tankers, ports, refineries," he said, adding: "The investment is one way to develop our economies and to accommodate the workforce unemployed many in, and in the conversion of our companies National relevant to the possibilities and capabilities of technological and scientific levels and global standards "companies.
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17/02/2015
Conscious / Baghdad / m. The
Oil Minister Adel Abdul Mahdi, on Tuesday, Iraq need a national policy to transform the oil and gas to drive sustainable and inclusive economic development, and not to a single source for the economy.
A statement of the Office of Adel Abdul-Mahdi received (news agency, media / INA) as saying: "Iraq's oil reserves, upon completion of oil explorations and surveys, will exceed 200 billion barrels, in the third or fourth globally."
He added: "Iraq has large reserves of natural gas, both its free and the accompanying, estimated at 132 trillion standard cubic feet ( Tscf) To occupy it ranked 12 globally, and is expected to complete the explorations that reservists certainly up to 280 trillion standard cubic feet, the fifth largest in the world. "
He continued: "The oil ministry believes investments and joint cooperation, especially in the works of exploration, drilling and energy integration of Arab, regional and piping, and tanks and tankers, ports, refineries," he said, adding: "The investment is one way to develop our economies and to accommodate the workforce unemployed many in, and in the conversion of our companies National relevant to the possibilities and capabilities of technological and scientific levels and global standards "companies.
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