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*** Resan Abdul Hussein: Iraq is capable of producing (10) million barrels of oil a day .. And will control global oil prices

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On: Friday 11/25/2011 14:29




Baghdad (news) .. A member of the Economic and MP / National Alliance / Resan Abdul-Hussein Iraq's ability to produce more than (10) million barrels of oil per day and will have an active role of world oil prices.
The Resan in a statement to the Agency (news) Friday: that Iraq could be up to the production of (10) million barrels of oil per day during the coming years and this number is normal for him, he owns oil fields, large and tours licenses with large international companies, solid addition to the There are projects to improve Iraq's oil.
He guessed Resan: that Iraq shall have the primary role and the actor in the international oil markets in the coming years which will make it controls the oil prices by pumping oil to the markets or by reservation.
He added it is hoped to arrive in Iraq's production of oil during the next biennium to (6) million barrels per day and this is what gives a great motivation and a positive sign that the Iraqi economy is strong and no fear of it.
A member of the Economic Commission representative that Iraq will be linked to markets, the world's oil is directly related to the fact that oil production is increasing than in the past, pointing out: that Iraq had its share of export of oil in the rate of production volume and sales, where the share of fixed year (1988 to 2000) .
In earlier said oil expert Hamza Jeweler in the statement (of the Agency news) that Iraq is capable of producing more than (13) million barrels per day that companies in the process of extracting the oil solid and well-known and one of the leading companies to develop the oil industry in the world.
He pointed to: that Iraq is unable to export this to the large amount of oil to the outside because the need is consistent with the requirements of the global market for oil and in addition to Iraq restricted share prescribed to him by the (OPEC) to export oil to the outside.
The IMF report on oil and gas have indicated that Iraq possessed of oil amounted to 143 billion barrels of reserves have been identified (200) million barrels, others can be extracted and will lead the Iraqi state power oil Great position to influence the global markets. / ended / 8. n. r /
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