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Reassured Iraq poles global oil industry, on Thursday, on his eagerness to secure the needs of the "black gold," noting that it seeks to increase its production capacity to up to nine million barrels per day, the end of the current decade, while analysts predicted that contributes to Iraq to "dumping" of the oil market After increasing export capacity, and implement "dual strategy" with Iran to defy Saudi Arabia, which currently tops the OPEC producers, despite the problem of non-availability of adequate infrastructure faced.
This came during a speech by Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, told the delegates of the oil industry to participate in the Energy Conference for the Middle East, held in London at present, according to the newspaper (Irish Independent) British, and I have read it (the long-Presse).
Addressing the delegates, saying al-Shahristani, said that "Iraq feels that the world needs those who assure him about the availability of energy supplies necessary for economic growth," adding that "Iraq is planning to enhance its production capacity for up to nine million barrels of oil a day end of the decade."
The Deputy Prime Minister, that it is "very difficult to anticipate requests for the global oil market by the year 2020, the unpredictability of the path of the global economy."
The newspaper reported that "Baghdad's attempts to challenge Saudi Arabia as the strongest product in OPEC to pump amounts exceed the ceiling productive in the open market, the result may lead to a sharp decline in oil prices."
The newspaper (Irish Independent) British observers as saying that "the two oil giants British Petroleum, British, and Dutch Royal Dutch Shell, stages will be a beneficiary of Iraq's ambitions relentless doubling its production capacity and export if they have achieved Baghdad goals" and attributed it to being the "administer major oil fields South in Iraq. "
The paper, that even "if Iraq was able to achieve its goal to double its production capacity, it will face the problem of non-availability of adequate infrastructure of pipelines and export facilities and platforms and stations to accommodate efficient download download additional quantities of production."
According to experts, the newspaper stated, that "Iraqi President loading port in Faw, requires developed and expanded network of pipelines and pumping stations Bklv billions of dollars."
The deputy prime minister for energy, Hussain al-Shahristani said, in (the 18 of December 2013 the past), that Iraq has oil reserves "of 143 billion barrels and accounting for 10% of global reserves," and explained that it aims to produce nine million barrels of oil per day by 2020, stressing that Iraq needs to train 500 thousand employees to cover the needs in the major oil and gas sectors.
Announced al-Shahristani, in (the first of November 2013), the willingness of major global companies to spend 25 billion dollars to boost production in the oil fields of Iraq giant despite the security situation, while between the southern oil fields will add 500 thousand barrels per day to production in 2014, predicted not to damage the oil system strategy Iraqi armed attacks and assured to provide security protection for the oil fields in the provinces of Anbar and Nineveh.
As announced by Deputy Prime Minister for Energy Affairs, at (17 October 2013), that Iraq would be a "main provider" of crude oil in the world through the development of its oil fields and increased foreign investment despite the political instability in the region, which is a global concern regarding the processing of oil .
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