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Abdul-Mahdi: I resolve to pushing the national effort in all business related to oil and gas wealth to reduce expenses and enhance resources
- 01/11/2015
During the third conference of Iraq's oil and gas in the Maysan
In the presence of Oil Minister Adel Abdul-Mahdi, it was launched on Wednesday last acts of the third conference of Iraq's oil and gas held in Maysan province over two days. Mr. Adel Abdul Mahdi, the oil minister said in his speech at the conference that holding such conferences flows into the efforts of the ministry to conduct development and progress in the national oil wealth that Iraq occupies a prominent global hub as a second source in the Organization of Petroleum Exporting Countries (OPEC). And in third place in the world's total oil reserves, also it occupies the 11th position in the gas production and we believe that he will occupy the fifth place if what has been the development of gas industry. We are in urgent need of such conferences as much as we need the minds of our scientists and our wings for the development of the oil wealth that the country depends on it. The Minister added that the Iraqi oil sector today achieved a big and important achievements in the field of oil production and gas production compared to previous years where crude oil production reached in September this year 2015 the production of oil companies operating in the south and center (3756) million barrels per day, as she was in In September 2014 (3.198) million barrels per day, and note that the increase and the rise in production levels came despite the circumstances through which the country .. He pointed out that these quantities do not pertain including quantities produced in the Kurdistan region. The Minister noted that the increase also included where export rates reached in September of this year 2015 (3.051) million barrels per day, as she was in September in 2014 (2.535) million barrels per day. And between the Minister in his speech that the only thing that we are witnessing an concession is revenue rate despite the increase in production and exports is due to a decline in world oil prices and decline, where he was Almtakqqh revenue rate in the month of September of the year 2014 (6.916) billion, in contrast reasons above these rates declined despite the increase in exports to (3.700) billion dollars. Here we have the positive point of our operating companies accounted for as financial health, despite falling prices and declining investment and operational budgets have been achieving high production and export figures. With regard to oil companies contracts in the licensing rounds, the minister stressed that the ministry has entered into talks with international companies and we believe that we are after years of licensing contracts to be audited for this contract to serve the interests of the Iraqi sides and international companies in spite of our respect for these contracts .. He pointed out the need to reconsider these contracts for the benefit of the Iraqi oil sector to the benefit of companies, and must be linked to fluctuating oil prices and the real yield of the parties in the sense that higher oil prices will be benefit for both parties, and that prices fell parties bear the burden of decline, and this aspect of the equation, the other side must work together to reduce costs, allowing the parties to achieve mutual benefits and to enhance the relationship between them. Mr. Minister, and I've added our determination to pushing the Iraqi national effort in all business related to oil and gas wealth and give greater importance to reduce expenses and enhance resources and make a profit national public companies through taxes and other matters. And we stress the need for the return of the national effort of the equation to occupy a place that will provide a lot of effort and money you spend today to go out of the country. The Minister said that in spite of the aforementioned circumstances, there is a great effort from the oil ministry's efforts to equip power plants with different types of fuels (crude oil, black oil, and dry gas, liquid and gas) to contribute to the support of government institutions in the provision of services to citizens, as well as The processing of the owners of generators civil kerosene fuel to provide electricity to the citizens. The Minister explained through some observations cited by the ministry and an effort in the completion of the development in oil and gas wealth working to stop gas flaring in a short period not exceeding Amyin The ministry has made great strides in that .. Mnohaaly need to link this wealth to the overall activities of the country to be tributary and a catalyst for scientific wealth and activities in industry, agriculture and petrochemical areas. It is the other side facet Mr. Minister thanked the armed forces in all its different forms and to mobilize popular for standing in the fronts of confrontation with Altkfferin and Aldoaash calling on God to grant victory to our forces in this battle in which we have no victory or victory. It is his part, Maysan governor in his speech to the Conference on the need to maintain development in the petroleum industry and its support because it is the supplier base for the financing of the country and all economic development processes, and is considered in all economic concepts is the economic growth machine, referring to the Maysan province has made great strides in the field of development through Astalalha resources of petro dollars, which had a positive impact on the march of development over the province. Provided Petrojayna company through its representative at the conference, Mr. Ali Hussein Majid a brief presentation on the evolution of work in the Halfaya field which has signed his contract with the ministry in 2010, and the presentation included a reference to the stages of the development of production and down to the current production of the field. Said Chairman of the Preparatory Committee of the Conference Dr. Karim Abdal_husn Alwan that the oil ministry is determined to develop Iraq's oil industry was held through a conference every two years put the research, studies and discussed to get to the ultimate goal which is the development of oil and gas industry, the ministry has set up its first conference in 2011 in the province of Basra The second conference in 2013 in Baghdad, today held its conference third in Halfaya Vis field Maysan province in collaboration with Petrojayna. It is his company said ministry spokesman Assem Jihad said Iraq's third conference for oil and gas, which runs over two days will be held in which 10 panel discussions, presenting a 49 in search of deals with several topics related to the oil industry, including the respect of the activities of production and liquidation, refining, environment, energy and nanotechnology. This conference was attended by a number of members of the Energy Committee in the House of Representatives and the Governor of Maysan and Inspector General, Advanced and staff at the Oil Ministry and a number of researchers from vario
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