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Iraq: expectations of 10 giant oil fields

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therealbubbie

therealbubbie
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The Iraqi Government said oil expert Hamza al-jawahiri that Iraq possesses five giant fields (supergiants), after the discovery of the 100 field Finally, five giant fields (giants), referring to the fifth round of outsourcing contracts for energy will focus on gas only, according to the information available, the next decades will be a very important item to Iraq in the event of discovery of oil fields, non-binding developed by foreign companies, unlike the gas fields to the companies discovered that their evolution.
He said jeweler for «life» to «Iraq possesses oil geology, 520 synthesis gas, of which 114 found only, either the developer from these fields, 23, a lot, we did not use so far only a fraction of them. He pointed out that "focus on gas aims to meet the needs of Iraq and the many plants introduced last, to export gas to the world, particularly Europe, and there is a real effort to connect piping gas through Turkey to Europe via Egypt to Europe».
, Company «Rosneft» Russian willingness to contribute to exploration and development activities in the Iraqi oil fields. And said company CEO Igor sichin in a statement, the «life», the «Iraq possesses high potential for oil production, but benefit from a stable environment requires in the country, and we are confident that the large bilateral projects are the only active development will allow Iraq's economy.
He met both the sichin and the President of the company «rustic» Russian Sergei chemezov technology with Iraqi Prime Minister Nouri al-Maliki last week and expressed readiness to conduct an audit of oil installations and technical support activities of prospecting and development of oil fields. Russian President Vladimir Putin called last year to promote his country's presence in Iraq after the production company «Lukoil» Russian oil over the past three years of old fields in Siberia.
Iraqi oil Minister Abdul Kareem luaibi said Iraq's oil production will reach 3.7 million barrels a day on average this year, slightly lower than the all-time high of 3.8 million barrels and by 1979, likely up exports to 2.9 million, include the following twists 250,000 of the Kurdistan Regional Government in the North.
Winfred noted that «the oil flows amounted to 3.4 million barrels a day, up about 1 million from what it was when companies began work three years ago, allowed Iraq to skip Iran to become the second largest producer in OPEC. He pointed out that the oil Ministry plans to hold a fifth round of awarding 10 concessions for gas during the first half of next year, after amending the contract to make it more attractive to investors.
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