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Oil Minister: Iraq needs to convert the oil and gas to the engine for sustainable economic development
Monday, February 17, 2015
[Baghdad-where]
The Minister of Oil, Adel Abdul-Mahdi, Tuesday, Iraq needed a national policy to mobilize all energies to transform the oil and gas to drive sustainable and inclusive economic development and not to a single source for our economies.
Abdul-Mahdi said in a statement received by all of Iraq [where] a copy of the "Iraq's reserves of conventional oil if the oil explorations and surveys completed in the country will exceed 200 billion barrels pointing out that he is third or fourth globally."
He added that "Iraq has proven reserves of natural gas heat both its and the accompanying an estimated 132 trillion standard cubic feet [Tscf] to occupy it ranked 12 worldwide, adding that" we expect to complete the explorations that reservists certainly up to 280 trillion standard cubic feet, [Tscf ], which will put him in the fifth largest in the world. "
He said Abdul-Mahdi said "joint investments and cooperation, especially in the works of exploration, drilling and energy integration of Arab, regional and piping, and tanks and tankers, ports and refineries many other joint ventures, is 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 for companies and capabilities of technological and scientific levels and global standards that allow them to invest in our countries, ".anthy
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Monday, February 17, 2015
[Baghdad-where]
The Minister of Oil, Adel Abdul-Mahdi, Tuesday, Iraq needed a national policy to mobilize all energies to transform the oil and gas to drive sustainable and inclusive economic development and not to a single source for our economies.
Abdul-Mahdi said in a statement received by all of Iraq [where] a copy of the "Iraq's reserves of conventional oil if the oil explorations and surveys completed in the country will exceed 200 billion barrels pointing out that he is third or fourth globally."
He added that "Iraq has proven reserves of natural gas heat both its and the accompanying an estimated 132 trillion standard cubic feet [Tscf] to occupy it ranked 12 worldwide, adding that" we expect to complete the explorations that reservists certainly up to 280 trillion standard cubic feet, [Tscf ], which will put him in the fifth largest in the world. "
He said Abdul-Mahdi said "joint investments and cooperation, especially in the works of exploration, drilling and energy integration of Arab, regional and piping, and tanks and tankers, ports and refineries many other joint ventures, is 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 for companies and capabilities of technological and scientific levels and global standards that allow them to invest in our countries, ".anthy
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