Home
Economist: Iraq is struggling to pay his bills and sustain investment by the war on Daash
02/07/2015 (00:01 pm) - the number of readings: 17 - number (3401)
Translation term
News coming from Iraq is not all bad, although the war on Daash in the north and west Iraq pumped over three consecutive months, record amounts of oil.
And began new wells in West Qurna oil field, operated by the Russian company Lukoil, to flow. Iraq also found a way light crude to isolate all heavy as he can from the sale of two instead of adulterated mix which can not be predicted, bringing exports from 3 million to nearly 4 million barrels per day.
The injection of oil in the Kurdistan region also mounts , and thanks to the oil pipeline, which opened in November and beyond the city of Mosul, where is sending 550 thousand barrels per day to the port of Ceyhan in Turkey on the Mediterranean.
Although the control of the Kurds on the oil-rich region around Kirkuk last year, which is one of the areas disputed between Arabs and Kurds, the Kurds oil officials relationship is better than before with their counterparts in the central and the Oil Ministry in Baghdad.
So why do you feel the international oil companies concerned? Perhaps because the happy times may end soon, as the fight Daash prices low oil currently costs made Iraq is struggling to pay his bills and sustain investment. Oil Ministry in Baghdad has reduced investment in the large Rumaila field which BP run from 3.5 billion to $ 2.5 billion, as Lukoil, Shell and E reduced that any investment, and delayed the development of the port of Faw plans.
There are doubts about the perpetuation of the pressure in the wells plan cost $ 13 billion, and at the same time, the Kurdistan reserves proved difficult to exploit and rarity opposite of what was expected.
On the other hand, corruption and indebtedness plays a major role in blocking the development, where you feel the oil companies concerned claim the militias - which remained alone in the south after the regular army draws to the north to fight Daash - money in exchange for protection. Oil officials expect production rise to 13 million barrels per day by 2020, but today even the oil minister Adel Abdul Mahdi hesitate to bet on this half Alno..ovi the same time, oil companies are eagerly looking forward to new heights in neighboring Iran, ahead of the expected mitigation of international sanctions in the event of reaching a nuclear deal with the United States.
According to the representative of a foreign oil companies in Iraq, "the Iraqis have few opportunities to manage their industry oil, which is still stalled, and if the Iranians entered the export line, the Iraqis Stvutem opportunity."
[You must be registered and logged in to see this link.]
02/07/2015 (00:01 pm) - the number of readings: 17 - number (3401)
Translation term
News coming from Iraq is not all bad, although the war on Daash in the north and west Iraq pumped over three consecutive months, record amounts of oil.
And began new wells in West Qurna oil field, operated by the Russian company Lukoil, to flow. Iraq also found a way light crude to isolate all heavy as he can from the sale of two instead of adulterated mix which can not be predicted, bringing exports from 3 million to nearly 4 million barrels per day.
The injection of oil in the Kurdistan region also mounts , and thanks to the oil pipeline, which opened in November and beyond the city of Mosul, where is sending 550 thousand barrels per day to the port of Ceyhan in Turkey on the Mediterranean.
Although the control of the Kurds on the oil-rich region around Kirkuk last year, which is one of the areas disputed between Arabs and Kurds, the Kurds oil officials relationship is better than before with their counterparts in the central and the Oil Ministry in Baghdad.
So why do you feel the international oil companies concerned? Perhaps because the happy times may end soon, as the fight Daash prices low oil currently costs made Iraq is struggling to pay his bills and sustain investment. Oil Ministry in Baghdad has reduced investment in the large Rumaila field which BP run from 3.5 billion to $ 2.5 billion, as Lukoil, Shell and E reduced that any investment, and delayed the development of the port of Faw plans.
There are doubts about the perpetuation of the pressure in the wells plan cost $ 13 billion, and at the same time, the Kurdistan reserves proved difficult to exploit and rarity opposite of what was expected.
On the other hand, corruption and indebtedness plays a major role in blocking the development, where you feel the oil companies concerned claim the militias - which remained alone in the south after the regular army draws to the north to fight Daash - money in exchange for protection. Oil officials expect production rise to 13 million barrels per day by 2020, but today even the oil minister Adel Abdul Mahdi hesitate to bet on this half Alno..ovi the same time, oil companies are eagerly looking forward to new heights in neighboring Iran, ahead of the expected mitigation of international sanctions in the event of reaching a nuclear deal with the United States.
According to the representative of a foreign oil companies in Iraq, "the Iraqis have few opportunities to manage their industry oil, which is still stalled, and if the Iranians entered the export line, the Iraqis Stvutem opportunity."
[You must be registered and logged in to see this link.]
