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05/29/2013 (00:01 pm) -
Tokyo: growing our investments in Iraq in parallel with the increase in loans, which we bring to Baghdad
BAGHDAD / Press-term
Count report Japanese informally, yesterday, that the indicators recovery Iraqi oil sector "Note too," and stressed that the reconstruction processes on the "infrastructure crumbling" and upgrades made to the ports sector helped to boost production more, adding to the growing Japanese investments in Iraq in parallel with the the increase in loans granted by Tokyo to Baghdad.
The report said the transfer site Asahi news of Japan, and seen by (range Press) that "signs of recovery in the oil sector in Iraq can be observed in the field of Garraf oilfield in the province of Dhi Qar, reaching the oil companies of Japan and Malaysia to the final stages of production processes in the field in question" , noting that "Japanese Jeix Company owns 30% of the shares in the Garraf field while owns Malaysian national oil company Petronas 45%."
The report added that "the process of reconstruction carried out infrastructure dilapidated oil sector in Iraq has helped in recent years to boost production more, especially with the construction of stations loaded oil floating near one of the ports in the Gulf, which introduced the service in the summer of last year, known as La Marsa unilateral and is the first of its kind in Iraq, "expected to" begin pumping operations from the Garraf field at a rate of 55 thousand barrels per day in June next with expectations to increase production to 230 thousand barrels per day during the year 2017. "
The site news Japan's Asahi that "International Cooperation Agency Japanese government-linked Japanese are currently conducting the establishment of infrastructure in Iraq for projects such as marinas loading laying pipe oil according to the program loans amounting to $ 500 million, helping to increase the rate of shipping crude oil doubled to reach 3.7 barrels per day. "
The report said, quoting oil expert Japanese Shuhei Nhimura that "Iraq has the advantage of a large connection with the process of oil production, as most of Iraq's oil easy extraction and this makes the process of production costs up to rates ranging from 1/7 to 1/35 of the rates charged producing species the other of the world's oil, "noting that" few places in the world have the same quality of Iraqi oil. "
The International Energy Agency IEA in its report of October 2012, that oil production in Iraq will reach 6.1 million barrels per day by the year 2020, and will reach 8.3 million barrels per day by the year 2035, it also pointed to expectations of increased global demand for oil dramatically to reach 99.7 million barrels per day during the year 2035, up 14% from the year 2011 because of rising rates of consumption, with economic expansion in the world such as the Chinese economy, for example.
The Iraqi Drilling Company, announced on 21 May 2013, has signed a contract with Malaysia's Petronas valued at more than seven million dollars for the rehabilitation of 3 oil wells in the field Garraf oil, and indicated that the immediate implementation of the contract will be the middle of next July, as promised an introduction to the development of the field of Gharraf oil.
And up Garraf field reserves of crude oil to 5 billion barrels to be developed is intended to produce approximately 230 thousand barrels per day by the year 2017 within the process of development of the productive process for Iraqi oil.
The company Japeix Japanese combined for excavations oil and gas, announced on the 2 of March 2013, that the production of oil from the Gharraf field in the province of Dhi Qar will be delayed for six months, and showed that this comes because of the feet and poor infrastructure salute in the field, expected to reach initial production of the field to 60,000 barrels per day When you start the production.
It is noteworthy that my company Petronas and Japeix Japanese فازتا contract to develop the Gharraf field in the province of Dhi Qar on the drilling and development of 11 oil wells and production of crude oil, up to 50 thousand barrels per day year-end 2013, while Malaysia's Petronas acquires 45% stake in the project Garraf field in the province of Dhi Qar, while owns Japanese Japeix company composed with a 30% share of the project while the remaining stake due to the North Oil Company.
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