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Font Size:04/07/2013 (00:01 pm) - The number of readings: 23 - number (2768)
A government effort to increase oil exports to China
Khaliq Ali's translation
With higher Iraqi output from fields operated by companies such as Shell property, said Iraqi Oil Minister Abdul Karim and coffee that his country is seeking to long-term agreement to increase its exports of crude oil to China as the second largest oil producer in the Organization of Petroleum Exporting Countries OPEC.
average exports from Iraq of crude oil to China 500 thousand barrels per day.
added to coffee, "We look forward to the Convention on Long-range order to increase exports to China."
and OPEC said China on its way to bypass the United States as the largest importer of crude oil in the world in 2014 with the rising demand for energy refining growing in the country. He pointed to coffee that rate, oil production, which amounted to 3.15 million barrels per day in the first quarter of the year, may rise as a result of increased production in the south of the country.
and "it is hoped that over the Majnoon field - which is being developed by Shell - from production in the month of May , "without giving increment addition, the Gharraf field being developed by BP production de national and company oil exploration Japanese, will begin production in June ahead of schedule.
minister emphasized that Iraq was exported 2.417 million barrels a day in March, compared rate of 2.5 million barrels in February, according to the company site for State Oil Marketing Organization (SOMO), but he did not give a reason for the monthly decline. Continue to coffee, saying "I have lost Iraq $ 2.4 billion of revenue since stopped Kurdistan oil shipping from fields to pipelines operated by the government in December. Did not abide by the Kurds to export 250 thousand barrels per day as stipulated in the budget. And Iraq seeks now to increase sales in order to rebuild the economy after decades of wars and international sanctions.
located companies such as Exxon Mobil, DNO International Genel Enerji, amid the conflict between the central government and the Kurdistan Regional Government on the participation of oil revenues and production contracts and disputed areas. offered BP B - based on the words and coffee - to invest $ 100 million to conduct studies and surveys art to develop the fields in the city of Kirkuk, but the Kurdish authorities considered allowing BP to develop disputed land in Kirkuk, as illegal.
Iraq has the fifth largest oil reserves in the world , the largest producer after Saudi Arabia in OPEC. : Bloomberg
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