Iraq could fill any shortfall in world oil markets, but needs to diversify its export outlets
Member of the Energy Commission: Iraq could fill any shortfall in world oil markets, but needs to diversify its export outlets
Date: Thursday, 06/21/2012 12:13
Baghdad (news) .. According to a member of the Committee on Energy and Oil MP / coalition in Iraq / Ahmed Mohammed Hamdan, Iraq’s ability to bridge the shortfall in the global oil market, noting that increasing the export capacity of oil require the presence of multiple ports for export.
Hamdan said (of the Agency news) on Thursday: The increase in exported quantities of oil to the outside need to be a package of measures is the presence of tanks, port and floating platforms and transmission lines, multiple by opening more outlet export of oil, because it can not be practical to port one or implementers. He added, must be the rehabilitation of the tube extends through Saudi Arabia and extending pipeline via Jordan and to expand the pipe extending through Syria and Turkey, in order to make Iraq is able to increase its export of oil, likely rise in Iraqi oil exports during the five years to reach between (8-9) million barrels per day according to the plan of the Ministry of Oil. and between: the Iraq has a big role in world oil markets through issued large amounts of oil in the future will be able to fill any increasing demand of oil in the world. / Finished / 8. d. Q /