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Oil Minister: to be a review of licensing contracts and linking the real price volatility Palmrdod [expanded]
2015/10/28
Oil Minister Adel Abdul-Mahdi stressed the need to review the previous licensing contracts, for the benefit of the Iraqi oil sector and international companies.
Said Abdul-Mahdi, on Wednesday, during his speech at the Third Scientific Conference on Oil and Gas organized by the Ministry of Oil in the province of Maysan, "we have heard about the extent of the progress of these conferences based on the research process and discreet meetings with professional dimensions which are held every two years, has the statistics pointed to continued progress and steadily to the work of the International Conference on Oil and Gas, organized by the Ministry of Oil, and we hope that these studies supply the efforts of the ministry and the oil sector and national and international companies to provide this wealth that Iraq occupies a prominent place where, as he country's second producer and exporter of OPEC countries have degrees of progress over the past years in this field.
"He added that" the achievements taking place today in the oil, and gas sector achievements important and significant, and therefore we are in dire need of such conferences, research, and need into the minds of our scientists and the arms of our staff to provide this wealth upon which Iraq, but the world depends on the basis that the Iraqi oil and gas reserves are of very high reserves as Iraq are third or even second if completed explorations in the field of oil, and occupies atheist ten position and we believe will occupy the fifth place in the gas if the exploration completed in this area as well, "pointing out that" progress has been made in Iraq It is a very important progress. "
He pointed out what has been achieved since September 2014 to September 2015, noting that "in the field of oil production and crude oil was produced in September 2014 all oil companies of the Ministry of Oil and South ports and therefore not included in these figures are produced by the Kurdistan region." noting that "oil production in September 2014 was 3 million and 198 thousand barrels of oil became in September 2015 [3.756 million barrels]," adding that "it is high is a very important and growing area of oil production," reiterating that " That's just what it produces oil NOC companies then Maysan, central and southern oil from oil production.
"He said the" export rate rose from 2,000,535 thousand barrels in September 2014] to [3,000,051 thousand barrels in 2015, a significant increase also in the area of Iraq's oil exports.
"He explained that" refined in 2014 oil rate was 435 000 barrels], here we lost Baiji and lost the other refineries in Sharqat, modern and Tal Afar and Al-Kazak, so Iraq's production of refined oil in 2013 was more than these figures was around 639 [ thousand barrels in 2013 declined to 435 thousand barrels in 2014, and today we repeat 469 000 barrels in our refineries also in the center and south and the NOC.
"He noted Abdul-Mahdi, that" the only thing that we are witnessing the waiver is imports, after a decline in oil prices, was in September 2014 [6 billion and 916 million dollars in that month, and did not exceed Unfortunately in 2015 [3 billion and $ 700 million], "adding that" this point is calculated for our companies and our ministry because despite the financial health and falling oil prices, which led to a decline in investment and operational budgets achieved high and high numbers that had previously mentioned.
"He added," There are other figures in the great effort of the oil companies and the ministry in the field of electric power processing of liquid gas, and gas oil, crude oil, black oil, all of these things actually processed by the ministry oil and our companies and also due to the financial crisis does not receive the returns thus also calculated that the great effort that the efforts in this area.
"He said" made important steps in all workplaces, including in Halfaya, which was a few desert years ago, and today has become a big green oasis thanks to the efforts Maysan Oil Company and Petruchyna which extend to it thanks to contribute to host this conference.
"However, the oil minister said," We have some observations about the oil and gas march, in the field of gas we are seeking to stop gas flaring in a short period of time may not exceed two years from Alan , and we have come an important way to stop the burning of massive amounts of gas, "indicating that" half of the gas is still burning but today we control the other half, "hoping to" to stop gas flaring reached, "explaining that" with respect to liquid gas, only Iraq practically does not import only very small amounts of liquid gas, and our hope that we stop once and for all import any amount of it, and turn over a short period to exporters.
"" The oil that was not in the interests of society and the economy there is nothing good in it, the we will continue and develop the oil resources of oil and events, but we are seeing in the corresponding rise in unemployment and the decline in the agricultural and industrial sector and the decline in the trade and service sector, meaning that there is a great imbalance in the guide and see the great resources that come to the state of this sector basis in the life of our people, therefore, we should and must do to lift this wealth the overall economic activities in the country to be tributary and a catalyst for scientific renaissance in the country, in universities and scientific institutes that are tributary of the activities and services, industrial, petrochemical and other industries which depend upon the country, and must be relied upon to get rid of this mortgage which subject ourselves to it, so now oil is in true accounts of at least 70% of the gross national product, and more than 90% of the state budget and this great Khalala requires treatment. "called for this conference that" notes this point to link the development of the oil sector, professionally and scientifically and exploration and technically, and between the development of Iraqi society. The benefit of the citizen and the poor and disadvantaged in the country of such wealth, and not just great numbers pass before the eyes of the Iraqi people but does not Atelmusha fact in the development of their daily lives and the services provided to him. "He said," We have entered into discussions with international companies, and I think we, after years of licensing contracts must of the audit, it reviewed this issue some time ago, and today we are in a new review with full respect for these contracts, but we think for the benefit of the Iraqi oil sector Ministry and companies on the one hand, and in the interest of international companies also have to be reconsidered in a lot of these issues. " And went on, "our vision, we must that we are born more of the parties incentives to operate international companies which have enough incentives to progress and that our companies operate, providing them incentive to rush to work, and must be linked to fluctuating oil prices and the real yield, which dates back to the parties, the prices rose benefited the national party on the one hand and party World of companies on the other hand, and prices fell bears the parties the burden of this decline, "stressing that" this side of the equation must walk it. "He explained that" the other side is required to work together to reduce petroleum costs or operating and investment expenses, allowing a mutually identify common benefits, the process is to calculate one party over another, but to be on behalf of the parties, and to enhance the long-term relationship between all of these parties do not. "declared Abdul Mahdi for the" determination of his ministry on pushing Iraqi national effort in all work related to oil and gas wealth, equipment and drilling and explorations and projects, "asserting that" all national effort will give it greater importance of giving and we have great opportunities, "noting that" this factor helps to reduce costs and optimize resources and promotion, offering additional employment, benefits and profits accrue to the national companies and therefore also accrue to the State Treasury over levies, taxes and other, national effort with must return to the equation at full strength and charisma historical and professional, scientific and experience to take its place who can actually save a lot of effort and money you spend today and go to the outside. "and went Abdul-Mahdi, thanks to" the armed forces and the popular crowd, and all parties that stand the fighting fronts to confront the forces of evil and blasphemy ".anthy
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2015/10/28
Oil Minister Adel Abdul-Mahdi stressed the need to review the previous licensing contracts, for the benefit of the Iraqi oil sector and international companies.
Said Abdul-Mahdi, on Wednesday, during his speech at the Third Scientific Conference on Oil and Gas organized by the Ministry of Oil in the province of Maysan, "we have heard about the extent of the progress of these conferences based on the research process and discreet meetings with professional dimensions which are held every two years, has the statistics pointed to continued progress and steadily to the work of the International Conference on Oil and Gas, organized by the Ministry of Oil, and we hope that these studies supply the efforts of the ministry and the oil sector and national and international companies to provide this wealth that Iraq occupies a prominent place where, as he country's second producer and exporter of OPEC countries have degrees of progress over the past years in this field.
"He added that" the achievements taking place today in the oil, and gas sector achievements important and significant, and therefore we are in dire need of such conferences, research, and need into the minds of our scientists and the arms of our staff to provide this wealth upon which Iraq, but the world depends on the basis that the Iraqi oil and gas reserves are of very high reserves as Iraq are third or even second if completed explorations in the field of oil, and occupies atheist ten position and we believe will occupy the fifth place in the gas if the exploration completed in this area as well, "pointing out that" progress has been made in Iraq It is a very important progress. "
He pointed out what has been achieved since September 2014 to September 2015, noting that "in the field of oil production and crude oil was produced in September 2014 all oil companies of the Ministry of Oil and South ports and therefore not included in these figures are produced by the Kurdistan region." noting that "oil production in September 2014 was 3 million and 198 thousand barrels of oil became in September 2015 [3.756 million barrels]," adding that "it is high is a very important and growing area of oil production," reiterating that " That's just what it produces oil NOC companies then Maysan, central and southern oil from oil production.
"He said the" export rate rose from 2,000,535 thousand barrels in September 2014] to [3,000,051 thousand barrels in 2015, a significant increase also in the area of Iraq's oil exports.
"He explained that" refined in 2014 oil rate was 435 000 barrels], here we lost Baiji and lost the other refineries in Sharqat, modern and Tal Afar and Al-Kazak, so Iraq's production of refined oil in 2013 was more than these figures was around 639 [ thousand barrels in 2013 declined to 435 thousand barrels in 2014, and today we repeat 469 000 barrels in our refineries also in the center and south and the NOC.
"He noted Abdul-Mahdi, that" the only thing that we are witnessing the waiver is imports, after a decline in oil prices, was in September 2014 [6 billion and 916 million dollars in that month, and did not exceed Unfortunately in 2015 [3 billion and $ 700 million], "adding that" this point is calculated for our companies and our ministry because despite the financial health and falling oil prices, which led to a decline in investment and operational budgets achieved high and high numbers that had previously mentioned.
"He added," There are other figures in the great effort of the oil companies and the ministry in the field of electric power processing of liquid gas, and gas oil, crude oil, black oil, all of these things actually processed by the ministry oil and our companies and also due to the financial crisis does not receive the returns thus also calculated that the great effort that the efforts in this area.
"He said" made important steps in all workplaces, including in Halfaya, which was a few desert years ago, and today has become a big green oasis thanks to the efforts Maysan Oil Company and Petruchyna which extend to it thanks to contribute to host this conference.
"However, the oil minister said," We have some observations about the oil and gas march, in the field of gas we are seeking to stop gas flaring in a short period of time may not exceed two years from Alan , and we have come an important way to stop the burning of massive amounts of gas, "indicating that" half of the gas is still burning but today we control the other half, "hoping to" to stop gas flaring reached, "explaining that" with respect to liquid gas, only Iraq practically does not import only very small amounts of liquid gas, and our hope that we stop once and for all import any amount of it, and turn over a short period to exporters.
"" The oil that was not in the interests of society and the economy there is nothing good in it, the we will continue and develop the oil resources of oil and events, but we are seeing in the corresponding rise in unemployment and the decline in the agricultural and industrial sector and the decline in the trade and service sector, meaning that there is a great imbalance in the guide and see the great resources that come to the state of this sector basis in the life of our people, therefore, we should and must do to lift this wealth the overall economic activities in the country to be tributary and a catalyst for scientific renaissance in the country, in universities and scientific institutes that are tributary of the activities and services, industrial, petrochemical and other industries which depend upon the country, and must be relied upon to get rid of this mortgage which subject ourselves to it, so now oil is in true accounts of at least 70% of the gross national product, and more than 90% of the state budget and this great Khalala requires treatment. "called for this conference that" notes this point to link the development of the oil sector, professionally and scientifically and exploration and technically, and between the development of Iraqi society. The benefit of the citizen and the poor and disadvantaged in the country of such wealth, and not just great numbers pass before the eyes of the Iraqi people but does not Atelmusha fact in the development of their daily lives and the services provided to him. "He said," We have entered into discussions with international companies, and I think we, after years of licensing contracts must of the audit, it reviewed this issue some time ago, and today we are in a new review with full respect for these contracts, but we think for the benefit of the Iraqi oil sector Ministry and companies on the one hand, and in the interest of international companies also have to be reconsidered in a lot of these issues. " And went on, "our vision, we must that we are born more of the parties incentives to operate international companies which have enough incentives to progress and that our companies operate, providing them incentive to rush to work, and must be linked to fluctuating oil prices and the real yield, which dates back to the parties, the prices rose benefited the national party on the one hand and party World of companies on the other hand, and prices fell bears the parties the burden of this decline, "stressing that" this side of the equation must walk it. "He explained that" the other side is required to work together to reduce petroleum costs or operating and investment expenses, allowing a mutually identify common benefits, the process is to calculate one party over another, but to be on behalf of the parties, and to enhance the long-term relationship between all of these parties do not. "declared Abdul Mahdi for the" determination of his ministry on pushing Iraqi national effort in all work related to oil and gas wealth, equipment and drilling and explorations and projects, "asserting that" all national effort will give it greater importance of giving and we have great opportunities, "noting that" this factor helps to reduce costs and optimize resources and promotion, offering additional employment, benefits and profits accrue to the national companies and therefore also accrue to the State Treasury over levies, taxes and other, national effort with must return to the equation at full strength and charisma historical and professional, scientific and experience to take its place who can actually save a lot of effort and money you spend today and go to the outside. "and went Abdul-Mahdi, thanks to" the armed forces and the popular crowd, and all parties that stand the fighting fronts to confront the forces of evil and blasphemy ".anthy
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