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How to Invest $200 billion over 6 Years
Posted on 30 November 2011. Tags: Refineries, Shahristani, Sharristani
At the ‘Iraq: Untapped Opportunities’ conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said Iraq needed $200 billion (240 trillion Iraqi dinars) of investment in the energy sector over the next six years.
This investment would be broken down as follows:
$100bn to develop upstream oil and gas fields;
$40bn to develop the gas industry;
$30bn to increase refinery capacity;
$30bn to expand export facilities.
With regard to refineries, Shahristani said the refineries law provided investors with a 5% discount to the market price for crude oil, and in some cases all output would be bought by the Ministry of Oil.
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Posted on 30 November 2011. Tags: Refineries, Shahristani, Sharristani
At the ‘Iraq: Untapped Opportunities’ conference in London last week, the Deputy Prime Minister with responsibility for energy, Dr Hussain al-Shahristani (pictured), said Iraq needed $200 billion (240 trillion Iraqi dinars) of investment in the energy sector over the next six years.
This investment would be broken down as follows:
$100bn to develop upstream oil and gas fields;
$40bn to develop the gas industry;
$30bn to increase refinery capacity;
$30bn to expand export facilities.
With regard to refineries, Shahristani said the refineries law provided investors with a 5% discount to the market price for crude oil, and in some cases all output would be bought by the Ministry of Oil.
[You must be registered and logged in to see this link.]
