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Experts: oil licensing rounds yield increase production and exports
On: Tue 1/31/2012 7:57
□ Baghdad / term follow up
confirms a number of experts and concerned with the oil that the oil licensing rounds concluded by the Ministry of Oil started to reap the fruit, and led to an increase in the rates of production and export, while others have questioned the legality of the contracts within the last three rounds.
The oil expert, Hamza jeweler, according to (Rn) that oil licensing rounds three led to an increase in the levels of production and export, indicating that the oil wells in nature need to be strenuous efforts to maintain the production levels of natural, making these contracts is very important for the modernization and development.
The Jeweler: There is a quantum leap in production of up to more than three million barrels per day during the year 2012, pointing to the expected increase during the years 2013 and 2014 up gradually and rising to about five million barrels a day.
and reduces the jeweler of allegations that go to the non-legal service contracts concluded within the licensing rounds three years, noting that it "entered into consistent with the applicable laws of current and that prevailed in the former regime," pointing out that it contracts for services and not participate in the production, which is a feature reflected positively on the oil sector as a whole.
and questioned a number of interested in the oil legality these contracts in the absence of a law on oil and gas, considering it a violation of the Constitution and its provisions for the management of oil and gas resources in the country.
shows the jeweler that these contracts provided amounted to more than $ 200 billion ceiling Mali needed was the oil wells before the service contracts entered into licensing rounds three , confirming that these contracts and provided the necessary expertise for technical cadres Iraq as well as modern technological methods in the petroleum industry.
The oil imports about 95 per cent of the country's budget finance, Iraq needs billions of dollars for the reconstruction of its infrastructure crumbling.
says the spokesman of the Ministry of Oil Asim Jihad (Rn) that his ministry was able to attract major investment companies, the oil in the world and an investment of $ 130 billion despite the political and security challenges they face the Iraqi experience of modern democracy.
Jihad said that the Council of Ministers and in accordance with the powers granted to it under applicable laws and in line with the merits of the Constitution work on the conclusion of these contracts in order to develop the oil sector, which was suffering from sleep almost complete. Shows the Jihad that foreign investment companies has worked to reduce the production ceiling installed in the reasons for these contracts and by 10% in less than one year at a time when the contracts provide for a period of three years to develop.
He Jihad that other indicators of these tours have led to the investment companies called increase the percentage of reliance on national staff of 85% under the contracts, reflecting the desire of companies in the development and rehabilitation of the technical staff of national cut off from the world of development of the oil for more than three decades.
He pointed out that the developmental ensure the award of fellowships to students of universities in the preliminary studies and higher through coordination direct investment between companies and universities.
Jihad and predicted that production will reach the end of this year to more than 400. 3, and export to more than 600. 2 million barrels a day.
It should be noted that Iraq was entering negotiations of quotas in the event of the arrival of its production to four million barrels a day, but it is currently outside the quotas of OPEC.
According to a researcher in the affairs of oil Amr Hesham licensing rounds, the three-step in the right direction, but less efficient and the feasibility of a legal formula represented by the law shall be managed by the oil sector and gas in the country.
said Hesham (Rn) that there are positive indications revealed by the service contracts in the licensing rounds is to increase the actual mounting of the production capacity and the clear improvement in refining capacity, as well as high export capacity, especially after the opening platforms floating in the Iraqi ports.
and called for open ports other export as an alternative to port the current period of crisis.
and entered into the Ministry of oil service contracts within the first licensing round in mid-2009 for the six fields of southern, central and west of the country, as announced for the second round the end of 2009 and included 10 fields, in the third round was held in early 2010 for the three gas fields.
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