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Oil Minister: Iraq's oil production will reach 60 / / billion barrels during the next twenty years
History of edits :: 1338361707 • 3 times readable
Oil Minister Abdul Karim and coffee that Iraq's production during the next twenty years will be 60 / / billion barrels yield an estimated $ 5 trillion, at the rate of $ 85 a barrel.
He said in a speech at the opening round of licensing the fourth, which was launched this morning in Baghdad: "The objectives of this round is to win, the first being the production of free gas and to engage in the gas industry that are new to the ministry to meet the local need first and export the surplus to the outside where we hope to be Iraq of the Gas Exporting Countries. "
He continued: "The second aspect of the objectives of this tour is to increase oil reserves and the results of Malzlk on Iraq as a producer and exporter of oil."
And between coffee: "The preparation for this round were from all regions and provinces concerned with the relationship, and over 13 months, and will be implemented effective bidding for this round in a competitive, transparent and public, and the Ministry will work hard to support companies in order to achieve our common interests."
He said: "The ministry is currently working to set up a / / 4 new refineries in Iraq's provinces by investing," noting: "The construction of these refineries will have a positive impact on the Iraqi economy, by increasing the production, which will reflect positively on the distribution of fuel to the citizen Iraq, as well as to improve its level of living, as well as qualifying oil. "
He said: "Iraq is seeking through licensing rounds, to increase its oil production to meet local need, and then exporting the surplus abroad, in addition to seeking to increase oil reserves," noting that after less than a year and a half year on the implementation of contracts for the previous rounds, Iraq was able to increase oil production more than / 500 / thousand barrels a day. "
He continued: "We are currently seeking to expand the storage and export systems, through the construction of the project Mbachertna floating in Basra, which work to be completed as soon as possible."
He expressed his support for the coffee to all the companies that win the fourth licensing round, through the provision of all what you need, in order to increase oil production. "
The fourth round of licenses to explore oil and gas fields opened this morning in the presence of Deputy Prime Minister for Energy, Hussain al-Shahristani, Oil Minister Abdul Karim and coffee.
And participate in this round of 47 companies from Egypt, Kuwait, United Arab Emirates, Syria, Japan, Russia, China, Britain, Italy, Netherlands, South Korea, India, Pakistan, Indonesia, Malaysia, Vietnam, Thailand, France, Turkey, Norway, Romania, Croatia, Angola, Switzerland.
And includes 12 exploration blocks, Alriqatan the first and second in Nineveh, and part of a second is located in Anbar province, and the third, fourth and fifth in the province of Anbar, and seventh in Qadisiyah, and part of the province of Muthanna, and eighth in Diyala, and ninth in the province of Basra, near the Iraqi-Iranian border, and the tenth joint between the provinces of Qadisiyah and Muthanna, and also Alriqatan the eleventh and twelfth Mstrkian between Najaf and Muthanna. / 4
Updating :: 30/05/2012 11:16
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History of edits :: 1338361707 • 3 times readable
Oil Minister Abdul Karim and coffee that Iraq's production during the next twenty years will be 60 / / billion barrels yield an estimated $ 5 trillion, at the rate of $ 85 a barrel.
He said in a speech at the opening round of licensing the fourth, which was launched this morning in Baghdad: "The objectives of this round is to win, the first being the production of free gas and to engage in the gas industry that are new to the ministry to meet the local need first and export the surplus to the outside where we hope to be Iraq of the Gas Exporting Countries. "
He continued: "The second aspect of the objectives of this tour is to increase oil reserves and the results of Malzlk on Iraq as a producer and exporter of oil."
And between coffee: "The preparation for this round were from all regions and provinces concerned with the relationship, and over 13 months, and will be implemented effective bidding for this round in a competitive, transparent and public, and the Ministry will work hard to support companies in order to achieve our common interests."
He said: "The ministry is currently working to set up a / / 4 new refineries in Iraq's provinces by investing," noting: "The construction of these refineries will have a positive impact on the Iraqi economy, by increasing the production, which will reflect positively on the distribution of fuel to the citizen Iraq, as well as to improve its level of living, as well as qualifying oil. "
He said: "Iraq is seeking through licensing rounds, to increase its oil production to meet local need, and then exporting the surplus abroad, in addition to seeking to increase oil reserves," noting that after less than a year and a half year on the implementation of contracts for the previous rounds, Iraq was able to increase oil production more than / 500 / thousand barrels a day. "
He continued: "We are currently seeking to expand the storage and export systems, through the construction of the project Mbachertna floating in Basra, which work to be completed as soon as possible."
He expressed his support for the coffee to all the companies that win the fourth licensing round, through the provision of all what you need, in order to increase oil production. "
The fourth round of licenses to explore oil and gas fields opened this morning in the presence of Deputy Prime Minister for Energy, Hussain al-Shahristani, Oil Minister Abdul Karim and coffee.
And participate in this round of 47 companies from Egypt, Kuwait, United Arab Emirates, Syria, Japan, Russia, China, Britain, Italy, Netherlands, South Korea, India, Pakistan, Indonesia, Malaysia, Vietnam, Thailand, France, Turkey, Norway, Romania, Croatia, Angola, Switzerland.
And includes 12 exploration blocks, Alriqatan the first and second in Nineveh, and part of a second is located in Anbar province, and the third, fourth and fifth in the province of Anbar, and seventh in Qadisiyah, and part of the province of Muthanna, and eighth in Diyala, and ninth in the province of Basra, near the Iraqi-Iranian border, and the tenth joint between the provinces of Qadisiyah and Muthanna, and also Alriqatan the eleventh and twelfth Mstrkian between Najaf and Muthanna. / 4
Updating :: 30/05/2012 11:16
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