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European companies tend to buy a major oil exporter, and Basra is the evidence of Iraq's status in the global market
Editor: BK | MN Friday 29 تموز 2011 20:01 GMT
Alsumaria News / Baghdad
Revealed traders Naftyon, Friday, in a tendency to major international companies for Basra to secure the needs of the European market because of price "competitiveness", while a source in the Iraqi Oil Ministry, that this approach confirms Iraq's status as a "key player" in the global market and has by its oil sector of the "stability and great flexibility" to make it eligible to fill the shortage in global production.
Traders said, told media, seen by "Alsumaria News", "shipments of Iraqi oil a large Basra heading to Europe this month and next month, in the development of a rare of its kind in the market," as the representative of the major oil company, that "the market Europe has not seen a lot of Basra for a long time. "
He attributed that representative, who preferred anonymity, directed the European markets for this procedure, to "high rise in the price of Russian Urals through last June, making the customers the Europeans are looking to other places believe their needs," noting that "Basra was too competitive in the last June to encourage them on their way to this. "
The dealers that the "major international companies, including Exxon, Shell, Statoil and Jnovr, seized four giant tankers to load crude Basra and moved to the Mediterranean and North Europe."
Meanwhile, a source in the Iraqi Oil Ministry, nod an interview for "Alsumaria News", on Friday afternoon, said that "Europeans are getting their needs of Iraqi oil is usually, from the fields of Kirkuk (northern Iraq), through the port of Ceyhan to the closeness of their markets" , noting that "the Asian markets get their need of Iraqi oil from Basra (south of the country) for the same reason."
The source, who preferred anonymity, that "the increase continued in global oil demand, high prices of extraction and export of some producing countries, forcing global consumers on a constant search for stable markets and new believe in their energy," Noting that the "Iraq's oil sector has the stability and great flexibility and a promising future, make him eligible to fill the shortage in global production. "
The source stressed that "Iraq and Saudi Arabia are only able to respond to the requirements of the global market's growing oil now or in the long run," Mstrsla that "Iraq is looking forward to be a major player in the global market for oil by increasing production to between 10 - 12 million barrels per day during the coming years, in cooperation with major international companies specialized in this regard. "
The General Company for the marketing of Iraqi oil "Sumo" of the Oil Ministry, said in a statement on its website, on 25 July present, the total crude oil exports for the month of June amounted to 68 million barrels revenues exceeded seven billion dollars, explaining that the exported quantities were distributed among the Basra oil With total exports of 51 million and 800 thousand barrels, revenues from the sale amounted to five billion and $ 444 million, while the Kirkuk oil exports 16 million and 400 thousand barrels, sold for $ one billion and 729 million dollars, note that the average selling price amounted to 105.176 dollars per barrel .
The company said in a statement that the amounts mentioned were loaded by 28 international oil companies from different nationalities, through the ports of Basra and Khor al-Amaya on the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and truck by truck to Jordan.
The Director General of SOMO, Falah al-Ameri, most likely told media the middle of July of this, to increase the export capacity of the ports, the province of Basra (away its 550 km south of Baghdad), to reach 2.0005 million bpd by the end of 2011, current, and continued "The increase in global oil prices in the interest of the Iraqi economy."
It is expected that the volume of Iraqi oil production to three million barrels by the end of 2011 the current, that rises to about double this number during the next few years.
The Iraqi Oil Ministry announced that, during last March, a rise in Iraq's oil reserves, with the exception of the reserve is located in the Kurdistan region, noting that Iraq's oil reserves alone amounting to 143 billion barrels and 129 trillion m 3 of gas.
Iraq has signed, in 2010 the past, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels a day, after the addition of the quantities from other fields of national effort, and focused most of those contracts in the fields south of the country.
Indeed, Iraq has presented the oil facilities, and produces nearly two million and 600 thousand barrels per day of crude oil, without a quota within the Petroleum Exporting Countries "OPEC" for which Iraq is a founding member.
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Editor: BK | MN Friday 29 تموز 2011 20:01 GMT
Alsumaria News / Baghdad
Revealed traders Naftyon, Friday, in a tendency to major international companies for Basra to secure the needs of the European market because of price "competitiveness", while a source in the Iraqi Oil Ministry, that this approach confirms Iraq's status as a "key player" in the global market and has by its oil sector of the "stability and great flexibility" to make it eligible to fill the shortage in global production.
Traders said, told media, seen by "Alsumaria News", "shipments of Iraqi oil a large Basra heading to Europe this month and next month, in the development of a rare of its kind in the market," as the representative of the major oil company, that "the market Europe has not seen a lot of Basra for a long time. "
He attributed that representative, who preferred anonymity, directed the European markets for this procedure, to "high rise in the price of Russian Urals through last June, making the customers the Europeans are looking to other places believe their needs," noting that "Basra was too competitive in the last June to encourage them on their way to this. "
The dealers that the "major international companies, including Exxon, Shell, Statoil and Jnovr, seized four giant tankers to load crude Basra and moved to the Mediterranean and North Europe."
Meanwhile, a source in the Iraqi Oil Ministry, nod an interview for "Alsumaria News", on Friday afternoon, said that "Europeans are getting their needs of Iraqi oil is usually, from the fields of Kirkuk (northern Iraq), through the port of Ceyhan to the closeness of their markets" , noting that "the Asian markets get their need of Iraqi oil from Basra (south of the country) for the same reason."
The source, who preferred anonymity, that "the increase continued in global oil demand, high prices of extraction and export of some producing countries, forcing global consumers on a constant search for stable markets and new believe in their energy," Noting that the "Iraq's oil sector has the stability and great flexibility and a promising future, make him eligible to fill the shortage in global production. "
The source stressed that "Iraq and Saudi Arabia are only able to respond to the requirements of the global market's growing oil now or in the long run," Mstrsla that "Iraq is looking forward to be a major player in the global market for oil by increasing production to between 10 - 12 million barrels per day during the coming years, in cooperation with major international companies specialized in this regard. "
The General Company for the marketing of Iraqi oil "Sumo" of the Oil Ministry, said in a statement on its website, on 25 July present, the total crude oil exports for the month of June amounted to 68 million barrels revenues exceeded seven billion dollars, explaining that the exported quantities were distributed among the Basra oil With total exports of 51 million and 800 thousand barrels, revenues from the sale amounted to five billion and $ 444 million, while the Kirkuk oil exports 16 million and 400 thousand barrels, sold for $ one billion and 729 million dollars, note that the average selling price amounted to 105.176 dollars per barrel .
The company said in a statement that the amounts mentioned were loaded by 28 international oil companies from different nationalities, through the ports of Basra and Khor al-Amaya on the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and truck by truck to Jordan.
The Director General of SOMO, Falah al-Ameri, most likely told media the middle of July of this, to increase the export capacity of the ports, the province of Basra (away its 550 km south of Baghdad), to reach 2.0005 million bpd by the end of 2011, current, and continued "The increase in global oil prices in the interest of the Iraqi economy."
It is expected that the volume of Iraqi oil production to three million barrels by the end of 2011 the current, that rises to about double this number during the next few years.
The Iraqi Oil Ministry announced that, during last March, a rise in Iraq's oil reserves, with the exception of the reserve is located in the Kurdistan region, noting that Iraq's oil reserves alone amounting to 143 billion barrels and 129 trillion m 3 of gas.
Iraq has signed, in 2010 the past, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels a day, after the addition of the quantities from other fields of national effort, and focused most of those contracts in the fields south of the country.
Indeed, Iraq has presented the oil facilities, and produces nearly two million and 600 thousand barrels per day of crude oil, without a quota within the Petroleum Exporting Countries "OPEC" for which Iraq is a founding member.
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