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06/08/2014 06:42
He said an international expert: Iraq excellence in its ability to increase oil production in one year by 30 percent to reach production of more than 3.2 million barrels per day, and increased export capacity from southern ports what it takes to occupy its natural place in the oil industry.
He added the chairman of the Iraq Institute for Energy Professor Ali Sayegh said the future of electric power has doubled the other is from 6 to 12 000 MW accordingly.
He expressed during a speech he delivered at the forum Iraq Energy II, which was held in Amman recently expressed hope in progress in South Gas Project to end the burning process associated gas and to meet domestic demand and industrial sectors supplementing it, pointing to the experience of Kurdistan in this area.
The head of the oil and gas committee in the House of Representatives of the Federal Iraqi Adnan al-Janabi, has praised the role of the Institute in support of the Iraqi parliament with advice in the field of politics and economics of energy and the development of the development efforts in Iraq, which helped the members of Parliament on the better understanding of the energy sector for the accountability of operational policies in scientific and professional .
Energy Strategy
Spoke with Senior Advisor to the Deputy Prime Minister for Energy Affairs Abdul Ilah Prince for the national strategy Integrated Energy, which confirmed the development of the extractive industries where the estimated arrival of the productive capacity of oil to the objective optimization which is 9.1 million barrels per day in 2020 after he was revised and updated Initial plans for licensing rounds in order to sustain peak production level for a longer period in cooperation between international oil companies and national events of a shift in the energy sector in Iraq.
Investment Opportunities
The governor of Basra Majed Nasraoui, has pointed out investment opportunities in large projects that Sarphiha petrodollars, saying: "Now after the legislation of laws relating to petro-dollars to the provinces produced by five dollars per barrel of oil equivalent product, will be the province of Basra, a strong balance sheet working to overcome the difficulties and challenges they face preserving the environment in the development of promising local investments, and this is what will support the development of a successful construction specifications for each Iraqi provinces across the country. "
Meanwhile, said Luay Al Khatib head of the Iraq Institute for Energy and visiting scholar at the Brookings Institution in Doha: "Iraq is rich in reserves, oil, and this wealth can not be up to Iraq to the stage of prosperity unless used oil imports as a means to diversify the proceeds of the national economy on the basis of a federal "He said no qualitative development of the country would be conditional on the development and national capacity-building and adoption of the ways of sustainable development.
"We hope that is allocated to the budgets of major financial aimed at developing reality of academic and scientific in Iraqi universities and scientific institutes and the development of academies specialized professional at a global level in cooperation with international companies and international institutions, aims to create leaders of scientific, administrative and technical in all disciplines."
He called on international oil companies that "strive in the field of investments in the field of vocational education in the terms of reference for the development of the energy sector in Iraq because this investment will benefit in reducing the mandated insurance and investments, which may extend to decades."
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