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On: Thursday 28/7/2011 8:17
Baghdad / follow-up term economic
intention is to establish a national oil company in order to make them competitive with oil companies operating in Iraq, at the time said government adviser said there was no legal impediments or technical transformation without raising the level of production Ahdab of 160 thousand b / d to 200 thousand b / d.
Said Abdul-Hussein Al Jabri told the Kurdish news agency (Rn) that "the Iraqi government may decide to approve the proposed China National to raise the level of oil production in the field Waning of 160 thousand b / d to 200 thousand b / d after the end of the third and final stage of the maintenance field and the development of production. "
He added that "the Iraqi Oil Ministry will provide an integrated study to the Deputy Prime Minister for Energy for a proposed Chinese company to increase the level of production to 200 thousand b / d instead of 160 b / d."
He said, "pipeline crude oil from Ahdab that linked them to the Chinese company to the warehouses of export in the province of Basra bears raise production to 300 thousand b / d ".
The Office of the Deputy Prime Minister for the energy that Iraq is considering a project of the China World in charge of the development of Ahdab to increase production to 200 thousand barrels.
and the government opened Iraqi Ahdab oil field last Saturday, initial production capacity is 60 thousand barrels per day.
criticized the Commission on oil and energy parliamentary by the Ministry of the oil opening Ahdab oil without inform the Committee on the details of the contract.
The Iraqi government has decided on 2 September / her consent to conclude a contract to develop and the production of Ahdab oil field between the North Oil Company and a Chinese company is the first service contracts for a period of twenty years it is hoped to reach revenues of Finance to $ 63 billion annually.
The Iraqi government announced yesterday that the Cabinet will next week, oil and gas law for discussion in and out with a draft final and sent to the House of Representatives to approval.
The Commission declared state energy which is chaired by Deputy Prime Minister Hussein al-Shahristani on July 14 announced that it completed the amendments to the draft law of oil and gas and sent to the prime minister to make adjustments.
and the failure of the House of Representatives Bdorth previous pass oil and gas law, which was expected to stand up to reality oil if approved.
The text of the Iraqi constitution, the formation of the Federal Oil, headed by Prime Minister or his representative under his chairmanship and membership includes both of the Ministers of Oil, Finance, Planning and Development Cooperation in the Federal Government and the Governor of Central Bank of Iraq and a representative from each province, a minister and a representative of each province produced irregularly on the territory and the executive heads of major oil corporations with the relationship and by including the national oil company of Iraq and the oil marketing company and experts in the affairs of the oil and gas, finance and economy, not more than three are appointed for a maximum of five years by the Council of Ministers.
The Ministry of Oil has declared the month of September / September last year that crude oil inventories in the country was 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil. Intends to Iraqi oil exports be increased during the next six years to 12 million barrels per day after obtaining the approval of the international oil (OPEC).
In the meantime, said a member of the Commission on oil and energy parliamentary said his commission has completed the development of an integrated study for the national oil company.
The MP said the Firat Shara told the Kurdish news agency (Rn) that "the Commission of Petroleum and Energy has completed a comprehensive study for the National Oil Company, which is supposed to be not inconsistent with the law of oil and energy sent by the Iraqi government to the House of Representatives in August next as expected."
He added that the "Committee oil and energy parliamentary touch that there is an urgent need to form a national oil company to work on taking the role of monitoring and auditing the work of foreign companies into the Oil Ministry Supervisor-General on oil policy. "
He pointed out that "the efforts of the Ministry of Oil will be supported by the national oil company in the event of its establishment as it will address the problems of Baghdad with Erbil on the production and export of oil through the development of integrated mechanisms for the export of oil in the country. "
awarded to the Energy Commission, the parliamentary national oil company, has oversight over oil resources and follow-up oil projects Altfeselh after the Oil Ministry in accordance with law regulating its work.
The Minister of Oil, cream and coffee, said in a meeting him in the third of July, this with the Commission on oil and energy parliamentary that the establishment of a national company to manage the energy sector in the Member State in the OPEC is not necessary and may interfere with the work of the Ministry of Oil as the law which the Government intends to present to Parliament incompatible with the establishment of a company to manage oil.
and the failure of the House of Representatives Bdorth previous pass oil and gas law, which was expected to rise oil situation if approved.
to the expressed oil minister, Abdul Karim and coffee for his belief that oil markets are experiencing a balance, denying the existence of any flaws or deficiencies in the production of crude oil.
The news agency quoted (Mehr ), the Iranian semi-official and Oil Minister Abdul-Karim and coffee as saying in the Gallery visit Iran last week that "the prices of crude oil in the moment acceptable, and there is no shortage in oil production," noting that "there is a balance in the crude oil markets."
The Organization of Petroleum Exporting Countries (OPEC) announced last Monday for the price of oil per barrel of 113.66 U.S. $, and this whole oil prices in the 12 member countries of the Organization.
Saudi Arabia has tried to reduce the price of oil to 70 or 80 dollars per barrel, and that is called several times to raise oil production to maintain supply the global market, and production reached the kingdom in recent months to 9.5 million barrels a day, the percentage of exports it to 11 percent of global production. Thus, the production of the "OPEC" to the highest level in more than 25 years.
According to the report of the (OPEC) has increased the demand for oil in the second half of this year to 30.66 million barrels per day, which should increase the exports of the Organization to 1.7 million barrels, in order to achieve budget in the world oil market between supply and demand.
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