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Expectations: 4.5 million barrels per day of oil production rate in 2014
Posted on December 29, 2013 by Baby Bits
BAGHDAD / JD / .. Expected to Oil and Energy Committee in the House of Representatives higher rates of oil production to more than four million and 400 thousand barrels per day, while suggesting that the export rates to 3.5 million barrels per day over the next year.
The deputy chairman of the Committee member Ali Fayad told the reporter / JD / is expected to achieve an increase in Iraq’s oil production rates of up to 4.485 million barrels per day.
He added that the rates of oil exports could be up to 3.5 million barrels per day.
The Deputy Prime Minister for Energy Hussain al-Shahristani has said through my activities Arab Economic Forum – Japanese third in the capital Tokyo: that one of the priorities of those plans to be achieved in the short term by the year 2015 is to increase the production and export of oil and meet the needs of the demand for electric power and the elimination of gas burning, support and encourage some important industries, including petrochemicals, explaining that the oil and gas production is the main driver of our strategy of economic and remain in control of all sectors of the economy, as the proven oil reserves in Iraq has 143 billion barrels, which represents about 10% of the total world reserves, as a reserve gas, 120 trillion cubic feet, is expected to be the amount of the reserve is much higher than this figure because there are many areas that have not been discovered so far, including the 400 sites geology is expected to add 250 billion barrels of oil and 200 trillion cubic feet of natural gas, and our plan production aims to reach 9 million barrels per day by 2020, and that includes half of the oil fields discovered only while will be the development of the rest of the fields as needed for the global market, is expected to provide a surplus for export by 2018, and will meet Iraq’s needs gas demand for some countries Jawarkme will be exported Part of the liquid natural gas to the world market. /
Expectations: 4.5 million barrels per day of oil production rate in 2014
Posted on December 29, 2013 by Baby Bits
BAGHDAD / JD / .. Expected to Oil and Energy Committee in the House of Representatives higher rates of oil production to more than four million and 400 thousand barrels per day, while suggesting that the export rates to 3.5 million barrels per day over the next year.
The deputy chairman of the Committee member Ali Fayad told the reporter / JD / is expected to achieve an increase in Iraq’s oil production rates of up to 4.485 million barrels per day.
He added that the rates of oil exports could be up to 3.5 million barrels per day.
The Deputy Prime Minister for Energy Hussain al-Shahristani has said through my activities Arab Economic Forum – Japanese third in the capital Tokyo: that one of the priorities of those plans to be achieved in the short term by the year 2015 is to increase the production and export of oil and meet the needs of the demand for electric power and the elimination of gas burning, support and encourage some important industries, including petrochemicals, explaining that the oil and gas production is the main driver of our strategy of economic and remain in control of all sectors of the economy, as the proven oil reserves in Iraq has 143 billion barrels, which represents about 10% of the total world reserves, as a reserve gas, 120 trillion cubic feet, is expected to be the amount of the reserve is much higher than this figure because there are many areas that have not been discovered so far, including the 400 sites geology is expected to add 250 billion barrels of oil and 200 trillion cubic feet of natural gas, and our plan production aims to reach 9 million barrels per day by 2020, and that includes half of the oil fields discovered only while will be the development of the rest of the fields as needed for the global market, is expected to provide a surplus for export by 2018, and will meet Iraq’s needs gas demand for some countries Jawarkme will be exported Part of the liquid natural gas to the world market. /
