IAEA report a roadmap for the future of Iraq’s oil

Collect and experts are concerned that the report, which emerged from the International Atomic Energy Agency recently in Baghdad characterize selected sites strengths and weaknesses in the sector with high professionalism and develop a road map with a timetable and sent letters to the owners of the national and global affairs regarding the future of energy in Iraq, stressing that the stability of the global market has to do with what Iraq would achieve coverage for more than 45 percent of global demand growth.

came in a seminar a debate organized by the Economic Institute Iraqi economic reform with the participation of a number of parliamentarians, economists and government officials pointed out that before the Iraq tough test to seize the historic opportunity and otherwise there will be repercussions complex.

At the beginning of the seminar moderated by a member of the Board of Trustees of the Institute contrary goldsmith who briefed the participants during his welcoming speech to expel this report and the goals of the institute to pursue economic affairs and its impact on Iraq, stressing the keenness of the Institute to address all issues relating to the Iraqi economy.

At the beginning of the seminar, Dr. Ibrahim Bahr al-Ulum oil minister former in a paper prepared in this regard the outline of the report of the International Atomic Energy noting regards to Iraq careful scientific analysis, stressing the need to adopt the ideas contained in the report in order to deal with the developments that occur in the field of energy.

Uloum pointed out that The report issued by the advisory arm of the Organization for Economic Cooperation and Development countries

(industrialized countries and the United States) came at the invitation of Iraq to carry out this study and this is the first invitation of an active member and founder of the OPEC to do.

report also acknowledged the capabilities of Iraq skip ceilings productivity in the last two years, and that the presence of international oil companies to invest in the fields of the south and center and the region form a positive starting point and must go all the way and overcome the challenges, pointing to the participation of the Ministry of Oil effectively supplement the team with all the information available and the allocation of two members of the oil sector to participate peppered report greater credibility.

The former minister said that work on the report lasted nearly a year and was widely publicized after the release in London and Baghdad and Washington, reflecting the importance of the energy sector in Iraq as the second product in the OPEC in the perspective of the industrialized countries in the world energy market. Added that among the most important pillars of the report that Iraq is seen as an integrated unit discussed the ways to develop the sector in the south, center and north productive and export and development, noting that the giant fields of Basra form the basis of future oil and gas production while representing the Kurdistan region today more promising areas and actors at the global level in the field of exploration, discussed the energy sector in Iraq in an integrated and non-partial has discussed the exploitation of primary energy sources and renewable in Iraq as a single package, including power generation, although it reduces the the possibility of exploitation of renewable energy, particularly solar.

hinted report according to Bahr al-Ulum to it for the purpose of Iraq would regain its global role in the energy market must be put to this purpose a timetable for the development of the oil and gas sector, electricity, and believes that Iraq could double oil production rates and access to 6 million barrels per day at the end of 2020 and rise to increasing rates of 8 million barrels per day in 2035.

The report is expected to increase its gas production to 40 billion cubic meters in 2020 and 90 billion cubic meters in 2035 and will be the percentage burning gas does not exceed 4 billion cubic meters in 2020 while the report predicts that Iraq will be able to meet the needs of electric power in 2015 and will grow three times the current capacity in the year 2020 and will reach 80 megawatts in 2035.

As regards transfer sector report indicates that Iraq will be able to provide oil products as it is by the construction of new refineries in 2019 and seeks to export gas in 2020 after meeting his or her needs and will be able to the end of the decade of the development of the gas industry, and for renewable energy with the exception of energy Alheidromaúah not occupies solar energy priorities of the energy sector.

Dr. Bahr al-Ulum of the main challenges facing this road map of the most prominent political stability and the need to build and restructure energy institutions and strengthened and the need to resolve differences between the center and the province of a law to distribute oil revenues.

pointed to the need to speed up coordination to remove obstacles in the extractive sector is the most important energy saving Alkhoznip and transport system and the implementation of water injection project and provide drilling towers, and that the need for providing efficient management requires the oil and gas revenues to invest in the development of the sector, including at least $ 25 billion at the beginning with a long-term plan aims to diversify the economies of Iraq, pointing out The energy sector oeuvre enough jobs and therefore must diversify the economy to absorb unemployment with intensive programs to develop Iraqi cadres.

also addressed the working paper submitted by Dr. Ibrahim Bahr al-Ulum a number of recommendations on gas production, investment and export, production and Tsidiralnaft crude, marketing and production of electrical energy. took place after extensive interventions on the whole report, mostly on the need to adopt what is in it and work to achieve the desired goals in the hold Iraq responsible for balancing future global demand and was among the speakers d. Mehdi al-Hafez and Judge Wael Abdul Latif and former transport minister, in addition to the representative of the Ministry of Oil.

economic expert on behalf of Antoine traces placed downstream oil industry, stressing the need that Iraq no longer be a source of oil and imported products, pointing out that the reactivation of the manufacturing industry will in providing job opportunities and absorbs a large part of unemployment, wondering about the role of the private sector in the petroleum industry, referring to global changes in demand for oil and fluctuating prices and its impact on the development plan.

consultant Tawfiq inhibitor cautioned the need to adhere to international agreements such as the Convention (Que Tu), stressing at pay Multi alternatives importance in the field of large power generation.

dealt intervention and Deputy Director General Dr. decades. Sabah al-Saadi defend licensing contracts that counted a success in response to an intervention by one of the participants, which counted a failure, and drew Saadi to the legality of the signing of these licenses are legally confirming achievement of the objectives for which they came and touched on the other projects of the ministry and counted Ballowaadh including steps the ministry in the field of gas investment.

The businessman spoke Younis Sarji has focused on queries about the fate of the studies and research, stressing the need to take advantage of them in planning for the future projects.

alsabaah.com