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Dr. Bahr al-Ulum: Iraq's oil and wanted for the next five years will exceed half a trillion dollars
On: Wednesday 26/09/2012 12:50 am
Citizen - special - Berlin
in investment conference German Iraqi co d Ibrahim Bahr al-Ulum in the second forum investment held in Berlin on Tuesday evening and spoke about the experience of Iraq in the development of the energy sector and its impact current and future on the oil market and noted in his speech at the center of power for the presence of the many opportunities German companies sober contribute to restore the infrastructure of the oil and gas sector. He explained Dr. Bahr al-Ulum that the fruitful cooperation between Iraq and sponsor friendly nations to bypass challenges facing Iraq in modernizing the infrastructure for the oil sector. He said Iraq would be able to bypass rates 4 million barrels in 2014 and will increase the rates of production in the coming years to reach the level of 8-9 million barrels per day at the end of the decade and Iraq would need to invest at least $ 300 billion in the next ten years, half will be allocated to the sector extractive and other structures infrastructure in the development of transport systems and export, storage and construction of a water injection project and the establishment of a network length of 6000 km pipeline. spoke Dr. Bahr al-Ulum said oil revenues for the next five years will exceed half a trillion dollars, the average annual income of Iraq will exceed $ 100 billion. He praised the efforts made at the level of the House of Representatives and the government to agree on the draft law of oil and gas and called maintenance agreement between the federal government and the Kurdistan region, which was signed in Baghdad last week and the need to choose a committee to monitor the implementation of the terms of the agreement that are made up of experiences Iraqi outside the governmental framework and participation of the United Nations . For the first time you enter the German Federal strongly on the line to invest in Iraq was held Investment Conference German - Iraqi and under the patronage of Prime Minister Nuri al-Maliki and organized by the Arab Chamber of Commerce German cooperation with the Iraqi embassy in Germany Federal Research in investment opportunities in Iraq in Berlin on 24-25 September 2012, has been in penitence Prime Minister Deputy for Economic Affairs Dr. Rose Nuri Shaways to attend the conference. was marked by the conference in the presence of an Iraqi official heavy participated Finance Minister Rafie al-Issawi, Minister of Transport Hadi al-Amiri and Chairman of the National Sami al-Araji, Deputy Minister of Agriculture Ghazi Al Aboudi, Deputy Minister of Electricity Raad guard and Undersecretary of Health Dr. Star Saadi, an inspector of the Ministry of Health Dr. Adel Muhsin at the conference in addition to a number of conservatives, including governor of Maysan province and the governor of Anbar and Nineveh Governor in addition to delegations from Iraqi Chambers of Commerce and a large number of Iraqi businessmen. participated officials in the federal government, Germany density as well as representatives of German companies have The conference was opened on Monday, September 24 Opening addresses by Dr. Thomas Bach, President of the Chamber and Ambassador Dr. Hussein al-Khatib and the German ambassador in Baghdad Britta and Inger addition to Minister of Economy and Technology German Peter Haynes and included the opening session speech by Deputy Prime Minister Nuri Shaways. The conference sessions lasted for two days where held on the first day of the first two sessions titled opportunities for cooperation in the areas of infrastructure which he spoke and Transport Minister Hadi al-Amiri, Dr. Sami al-Araji, head of the Najaf Chamber of Commerce Zuhair Mohammad Reza inch and representatives from the Federal German ministries. At the second meeting, which allocated for cooperation in the industrial sector and financial and talked and Finance Minister Rafie al-Issawi and Dr. Bernard Valterb of the Ministry of Economy German in addition to Ibrahim al-Baghdadi Prime businessmen Iraq. On the following day held am Session III for cooperation in the energy sector, electricity and water and talked Dr. Ibrahim Bahr al-Ulum and former oil minister for the future of the energy sector in Iraq, Deputy Minister of Electricity Raad keeper and general manager of the dams in the Ministry of Water Resources Faisal Mahmoud Amin and others either fourth session assigns for cooperation in the health sector, education and training involved Undersecretary of the Ministry of Health Dr. Star Saadi, Undersecretary of the Ministry of Health German and Dr. Fadhil al-Amiri and others. allocated sessions on the final day to talk about the provinces in Iraq in meeting Alaolyharki governorates of Anbar, Salahuddin, Maysan, Karbala, Babil The second session participated provinces of Najaf, Kurdistan, Basra where The conference concluded with recommendations involving Finance Minister Rafie al-Issawi and Sami lame and others. were made embassy Iraqi in Berlin intensive efforts in the preparation and organization of the conference and was able to collect a large number of Iraqi officials in various fields with their German counterparts in the presence of a number of diplomatic events. The Conference succeeded in encouraging German companies to contribute to the construction and financing of strategic projects in Iraq.
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