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Font Size:27/03/2013 (00:01 pm) - The number of readings: 49 - Issue (2759)
Energy Conference in Dubai estimated the country's oil reserves at 300 billion barrels
Baghdad / term Press
Suggested to the Commission on oil and energy parliamentary reach reserves of Iraq's oil to 300 billion barrels, more than double the figure previously announced, but reduced the considerable optimism Maliki's advisers access to rate oil production 4.5 million barrels per day by the year 2014 next, while drawing the latter in leg last that Exxon Mobil will find opportunities in the oil licensing round next in Iraq.
in the meantime, the Commission invited international companies to submit bids to build and install and run pipeline export Iraqi oil along the 1000 km starts from Anbar province and ends in the Jordanian port of Aqaba.
Chief Commission on oil and energy parliamentary, Adnan al-Janabi, conference development of energy projects of Iraq, which was held in Dubai yesterday that "Iraq will not be able to achieve its target to reach production of an average of 4.5 million barrels oil per day, during the year 2014 next," likely "modified production rates target through next April. "
Janabi told, in the conference, which quoted by the agency Bloom Berg economic, and seen by (long-Presse). The "bureaucratic hurdles and the lack of legislation is one of the factors that will prevent enable Iraq to achieve that goal."
explained Chairman of the Commission on oil and energy parliamentary, according to the Agency, that the "draft law of oil and gas is still stuck due to political disputes can not be passed soon."
In context likely Janabi that "Estimates of Iraq's oil reserves to 300 billion barrels," pointing out that this "more than double the figure advertiser estimated 143.1 billion barrels."
For his part, the head of the advisers in the Council of Ministers, Thamer Ghadban, during Conference itself, according to the Economic Agency, said that "Iraq's oil exports added product in the Kurdistan region will reach a rate of 2.9 million barrels per day during the current year 2013."
Ghadban said, "Exxon Mobil operating in the West Qurna -1 will have opportunities in the oil licensing round coming in Iraq, "stressing that" Iraq is expected to put an end to the waste of associated gas that is flared now and that collecting and processing by the year 2015 next year. "
to that shown Agency Bloom Berg economic, that "Iraq has the fifth largest reserves Gas in the Middle East based on the index BP Annual Energy International. "
Iraq has signed an agreement standing 25 years with Shell and Mitsubishi in November of 2011 the past for the development of gas resources local.
so called Iraq international companies to submit bids to build and install and run pipeline export Iraqi oil along the 1000 km starts from Anbar province in western Iraq and ends in the Jordanian port of Aqaba, while select next April as the date for the start of the receipt of contracts from companies wishing. The project includes the establishment of pipeline export capacity of up to one million barrels per day extends from the area of modern western Iraq to the port of Aqaba, and the project will include also the pipeline gas facilities and will provide the fuel needed to run the pumping stations in the tube in addition to bridging the "some consumer needs in Jordan." and uses Iraq now, pipeline alone to export crude oil from the Kirkuk fields and northern Iraq to Turkish ports, and an Energy pipe maximum of 600 thousand barrels, but does not work that energy due to the fluctuation of production, and the tube is exposed sometimes to acts of sabotage. says Iyad Capac, Director supervising the project from a company (SNC Lavalin) engineering works as a consultant with the Oil Ministry on the project that " The Oil Ministry is planning to launch a deal supply the project for the period from July to December, and will be financial coverage for the project according to the deal from January 2014 to June. " said Capac to "pay for executing companies will be on two sections payment by available and payment by the product of the company," noting that "an intergovernmental agreement will be signed in this regard between the Iraqi Oil Ministry and the Ministry of energy and mineral resources of Jordan." has not been completed to calculate the total cost of the project yet, but estimated to be several billion. "
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