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Experts: Iraq Center global oil balance and stability
12/01/2014 08: 29
Tedras number of oil experts who specialize in the oil industry, the country's reality and its relation to global supply and demand, through the reality of production, extraction and transportation of this wealth, as well as quantities exported and mastering transparency reports which followed it. This came at a symposium held by the Iraqi Institute for economic reform, which agreed that projections indicate that Iraq is an important centre in the balance and stability of the world oil market.
Plans and investments
Director General of the Iraqi oil marketing company SOMO Falah Al-Amri said on the sidelines of the Symposium: that Iraq is an important centre in the balance and stability of the world oil market is now the third largest exporter of crude oil globally and has the plans and investments mato'hlh to increase its production to several times the current production, pointing to match oil exporting reports transparency specialized.
Growth rates
The importance of Iraq's oil production capacity are subject to the stability and improved growth in world demand for crude oil depends on stability and growth in the world economy, taking into account the continuous growth in demand for oil in emerging economies, especially in Asia (China and India) and the rapid increases in the production of Defense of Northern America.
Oil shale
The combination of these factors give important indicators for the study and analysis of supply and demand and to highlight trends in the medium term, pointing out that the shale oil production in North America is the largest in terms of growth and the increase of countries outside OPEC, with production of America's oil shale is about 2 million barrels/day, indicating that guesses the size of production of oil shale in the world blurred and environmental determinants may be a negative impact on the production of oil shale in the future.
Increase production
He noted that the production of oil shale in the United States will grow to up to (4.3) million barrels/day by the year 2017 to reach the peak by 2020 for dropping gradually to (2.2) million barrels/day by 2035, and the possibility of increased production of oil shale from other countries and regions in the world is not reliable but can record an increase of around 4 percent of global oil supply in the year 2035, shale oil production fields are economically viable when prices Oil up to $ 50/barrel.
There are companies
Oil expert Hamza al-jawahiri said that the goal of licensing contracts not only high production levels puberty but also benefit from the companies for the benefit of local communities and improve their standard of living without affecting lifestyles through attention to the environment, where it was introduced by the Iraqi experience is fresh in this topic against the Giants and has tremendous negotiating capabilities so that the implementation of the provisions relating to the environment and human faces resistance from the companies. In the field of licensing contracts, human and environment written in accordance with the highest international standards, which included an entire chapter on the environment and human in another chapter which specifically focused on man and his community in the areas of development, but the contract did not require companies to set up a special department dealing with local communities.
Natural resources
The basic provisions on contracts to contractor and operator commitment walmraaat of health and safety, protect the environment and conserve natural resources, in the event of environmental damage, reduce damage to a minimum and its implications for people and property and avoid damage to the livelihoods and quality of life in surrounding communities or spoilers, for example community pastoral grazing should stay, but did not speak openly on contracts to upgrade the means of production, and consequently promoted.
Interest of the communities
The jeweller said that contracts recommended that instil the concepts of health, safety and environment between all personnel within the petroleum operations, where a detailed guidance for the protection of the environment and community surveillance as a prerequisite for onshore oil operations, stating that the Community interest is conditioned not to impede the work of companies as a prerequisite for the work of local community organizations and local administrations to deal with companies should be regulated.
The company is required to raise the level of living of local communities without prejudice in their living patterns, agricultural community must remain peasant's, and pastoral grazing must remain. But can upgrade their production methods and their living styles, pointing out that progressively can engage individual communities in the oil industry after rehabilitation.
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12/01/2014 08: 29
Tedras number of oil experts who specialize in the oil industry, the country's reality and its relation to global supply and demand, through the reality of production, extraction and transportation of this wealth, as well as quantities exported and mastering transparency reports which followed it. This came at a symposium held by the Iraqi Institute for economic reform, which agreed that projections indicate that Iraq is an important centre in the balance and stability of the world oil market.
Plans and investments
Director General of the Iraqi oil marketing company SOMO Falah Al-Amri said on the sidelines of the Symposium: that Iraq is an important centre in the balance and stability of the world oil market is now the third largest exporter of crude oil globally and has the plans and investments mato'hlh to increase its production to several times the current production, pointing to match oil exporting reports transparency specialized.
Growth rates
The importance of Iraq's oil production capacity are subject to the stability and improved growth in world demand for crude oil depends on stability and growth in the world economy, taking into account the continuous growth in demand for oil in emerging economies, especially in Asia (China and India) and the rapid increases in the production of Defense of Northern America.
Oil shale
The combination of these factors give important indicators for the study and analysis of supply and demand and to highlight trends in the medium term, pointing out that the shale oil production in North America is the largest in terms of growth and the increase of countries outside OPEC, with production of America's oil shale is about 2 million barrels/day, indicating that guesses the size of production of oil shale in the world blurred and environmental determinants may be a negative impact on the production of oil shale in the future.
Increase production
He noted that the production of oil shale in the United States will grow to up to (4.3) million barrels/day by the year 2017 to reach the peak by 2020 for dropping gradually to (2.2) million barrels/day by 2035, and the possibility of increased production of oil shale from other countries and regions in the world is not reliable but can record an increase of around 4 percent of global oil supply in the year 2035, shale oil production fields are economically viable when prices Oil up to $ 50/barrel.
There are companies
Oil expert Hamza al-jawahiri said that the goal of licensing contracts not only high production levels puberty but also benefit from the companies for the benefit of local communities and improve their standard of living without affecting lifestyles through attention to the environment, where it was introduced by the Iraqi experience is fresh in this topic against the Giants and has tremendous negotiating capabilities so that the implementation of the provisions relating to the environment and human faces resistance from the companies. In the field of licensing contracts, human and environment written in accordance with the highest international standards, which included an entire chapter on the environment and human in another chapter which specifically focused on man and his community in the areas of development, but the contract did not require companies to set up a special department dealing with local communities.
Natural resources
The basic provisions on contracts to contractor and operator commitment walmraaat of health and safety, protect the environment and conserve natural resources, in the event of environmental damage, reduce damage to a minimum and its implications for people and property and avoid damage to the livelihoods and quality of life in surrounding communities or spoilers, for example community pastoral grazing should stay, but did not speak openly on contracts to upgrade the means of production, and consequently promoted.
Interest of the communities
The jeweller said that contracts recommended that instil the concepts of health, safety and environment between all personnel within the petroleum operations, where a detailed guidance for the protection of the environment and community surveillance as a prerequisite for onshore oil operations, stating that the Community interest is conditioned not to impede the work of companies as a prerequisite for the work of local community organizations and local administrations to deal with companies should be regulated.
The company is required to raise the level of living of local communities without prejudice in their living patterns, agricultural community must remain peasant's, and pastoral grazing must remain. But can upgrade their production methods and their living styles, pointing out that progressively can engage individual communities in the oil industry after rehabilitation.
[You must be registered and logged in to see this link.]
