Iraq seeks to export 3.4 million barrels of oil per day during the current year
Iraq seeks to export 3.4 million barrels of oil per day during the current year
03.01.2014 (0:01 pm)
BAGHDAD / long-Presse
Iraq confirmed, seeking to increase its oil exports by 26 percent during the year 2014 the current to reach 3.4 million barrels per day, while expressed optimism to stop “wasting” associated natural gas production processes during the year 2015 the next and take advantage of it, expect to achieve self-sufficiency in petroleum products and stop for imported by the year 2020.
This came in a speech delivered by the President of the advisers in the Presidency of the Council of Ministers, Thamer Ghadhban, the Conference of energy projects in Iraq, held in Dubai, according to the agency reported PLATTS Platts Global Energy News, and seen it (the long-Presse).
He is angry, in his speech to the Conference, “The rate of Iraqi oil exports reached during February, the current, more than 2.0007 million barrels per day,” pointing out that “Iraq seeks to export three million and 400 thousand barrels per day during the year 2014 the current, including exports province Kurdistan. ”
The head of the advisers in the Presidency of the Council of Ministers, that “the production ceiling desired for the country in the medium term, is nine millions of barrels per day of crude oil,” pointing out that “the strategy adopted include the dynamic development of oil does not depend on the scenario and the one constant.”
He was angry, he hoped to “reach the federal government and the Kurdistan Regional Government soon to settle their disputes on legal mechanisms for the export of oil from the region.”
He continued, head of the advisers in the Presidency of the Council of Ministers, that “according to the government programs related to energy, the country needs to produce one million half a million barrels a day to meet the needs of increasing domestic oil derivatives,” returned to this “figure accounts for 16.7 percent of production capacity set for the country “.
Huffy and went on, “The local need for petroleum products is growing at an annual rate of ten percent,” adding, “However, Iraq is still a net importer of petroleum products.”
He expected the senior adviser to the prime minister, that “up crude oil refining capacity in Iraq to a million and a half million barrels per day by the year 2020 to be able to rely on itself in this area and stop imported.”
And on the production of natural gas, expressed angry, for “optimism that Iraq can overcome the process waste gas associated with production operations during the year 2015 the next,” and added, that “Iraq will be able by 2015, the next collection of most of the gas produced in the oil fields, especially that he has installations processing and filling enough to accommodate increased production of natural gas. ”
The Oil Ministry has confirmed, in (the 31 of January 2014), that Iraq will soon become the “most important” sources of energy in the world, and that there will be nine million barrels by 2020, while showed that the Organization of Petroleum Exporting Countries have shown the potential to absorb any increase in the export of Iraq and Saudi Arabia, Libya, promised that “it will maintain the stability of the” oil prices.
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