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Iraqi Oil Minister announced to start a visit to oil production and exports
Thursday, January 19 2 / January 2012 07:18 |
BAGHDAD / With: said Iraqi Oil Minister Abdul Karim and coffee to start a new project to increase oil exports and thus increase production.
He said the coffee in a press conference: "We have a project to increase the export capacity through the new system will begin work the end of January, at a cost estimated at more than 1.6 billion dollars."
He said at a news conference that "the project, which was carried out by international companies under the supervision of leading international consultants, is designed to export oil through the new system."
According to the project which was introduced in 2007 established five floats freely in the Gulf south of the country, fueled by "three marine pipeline length 60 km from the FAO (the far south of Iraq) to international waters where the buoys have been installed."
He said: "We will start the launch of the system, which cost us so far, $ 1.6 billion in 25 of the month, by pumping water to check the pipeline for a period of five to six days, and after the first buoy will be ready to receive oil tankers."
He noted that the "energy per buoy of 850 thousand barrels."
The oil minister said during the conference, which Tzmn explain the activities of the ministry "was the first since the discovery of more than thirty years, to light oil in the field of" Aldemh "in the province of Maysan."
Furthermore, the minister revealed a high rate of oil production in the country to "2.6 million barrels last year against 2.3 million in 2010."
He also spoke about the high rates of export of nearly 1.9 in 2010 to more than 2.1 over the past year.
He stressed that "the achievements of his ministry of oil exports last year reached 82.9 billion dollars in resources were 52.2 billion in the previous year."
He revealed the flaw of "plan of his ministry for the new year 2012 to raise oil production to 3.4 million barrels per day and higher rates of export of the country to 2.6 million barrels per day, including Kurdistan."
Iraq produces 2.9 million barrels of oil per day emits more than two million. But these rates are still lower than those during the former regime.
Oil accounts for 94 percent of Iraq's revenues. (Finished)
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Thursday, January 19 2 / January 2012 07:18 |
BAGHDAD / With: said Iraqi Oil Minister Abdul Karim and coffee to start a new project to increase oil exports and thus increase production.
He said the coffee in a press conference: "We have a project to increase the export capacity through the new system will begin work the end of January, at a cost estimated at more than 1.6 billion dollars."
He said at a news conference that "the project, which was carried out by international companies under the supervision of leading international consultants, is designed to export oil through the new system."
According to the project which was introduced in 2007 established five floats freely in the Gulf south of the country, fueled by "three marine pipeline length 60 km from the FAO (the far south of Iraq) to international waters where the buoys have been installed."
He said: "We will start the launch of the system, which cost us so far, $ 1.6 billion in 25 of the month, by pumping water to check the pipeline for a period of five to six days, and after the first buoy will be ready to receive oil tankers."
He noted that the "energy per buoy of 850 thousand barrels."
The oil minister said during the conference, which Tzmn explain the activities of the ministry "was the first since the discovery of more than thirty years, to light oil in the field of" Aldemh "in the province of Maysan."
Furthermore, the minister revealed a high rate of oil production in the country to "2.6 million barrels last year against 2.3 million in 2010."
He also spoke about the high rates of export of nearly 1.9 in 2010 to more than 2.1 over the past year.
He stressed that "the achievements of his ministry of oil exports last year reached 82.9 billion dollars in resources were 52.2 billion in the previous year."
He revealed the flaw of "plan of his ministry for the new year 2012 to raise oil production to 3.4 million barrels per day and higher rates of export of the country to 2.6 million barrels per day, including Kurdistan."
Iraq produces 2.9 million barrels of oil per day emits more than two million. But these rates are still lower than those during the former regime.
Oil accounts for 94 percent of Iraq's revenues. (Finished)
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