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Expert rule out reaching oil production (10) million barrels per day during the year (2017)
On: Saturday 11/08/2012 8:48
Baghdad / agencies
ruled out the oil expert Amr Hesham Iraq's ability to produce (10) million barrels of oil during the year (2017) he set a great and needed infrastructure, integrated, can not be completed shortly, and expected to reach oil production to (6) million during the years next five years.
Hisham The process of increasing the production capacity of Iraqi crude oil require the presence of infrastructure, integrated, such as digging wells and collecting oil in the tanks of oil giant absorb large amounts of crude and needs to transmission lines and multiple floating platforms These are all need to be a long time to create it in order to enable Iraq to produce amounts of oil.
He added: Iraq can not produce (10) million barrels of oil during the early (2017), as some expect, but perhaps up production to (6) million due to the lack of integrated infrastructure for Iraq to produce the aforementioned figure, in addition to the current conditions experienced by the the region and political changes as well as slow global economic growth these are all factors that impede the process of increasing oil production during a period of five years from now.
He pointed out that the oil sector is facing significant challenges led to the absence of an increase Taguetah productivity and export such as problems of political and oil crisis between the province and the center, which also led to a decline in the level of production and export of crude Iraqi, and this risk index that the national economy dependent on oil exports.
the reports indicated an international oil and gas that Iraq could produce (10) million barrels of oil during 2017.
to that, the official spokesman of the Ministry of Oil, Assem Jihad , on Friday, that the achievements of the exports of oil over the past months has not been achieved in three decades and that the ministry's plan for 2012 on the right track.
Jihad said, according to / Baghdadiya News / that "Iraq's production will exceed 3 million four hundred thousand barrels per day and export volume exceeded 2 million six hundred thousand barrels, "adding that the ministry and within its plan for 2012 seeks to achieve gradual Kstratejah visits for the years to come, and that" what has been achieved from exports in the past months has not been achieved in three decades. " Jihad said that "if the added region's share of $ (175) thousand barrels per day to the quantities produced shall be race has achieved the highest rate and that ministry's plan to increase production going in the right way.
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