Iraq qualified to occupy its natural place in the oil industry
Iraq qualified to occupy its natural place in the oil industry
6/8/2014 0:00
An international expert confirmed distinguish the ability to increase production
BAGHDAD – Yasser incumbent
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 abilities export outlets South what it takes to occupy its natural place in the oil industry.
added the chairman of the Iraq Institute for Energy Professor Ali Sayegh said the future of electric power has doubled is the other from 6 to 12 000 MW accordingly.
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 supplying the industrial sectors of it, pointing to the experience of Kurdistan in this area.
was chairman 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 area of policies and the 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 a scientific manner and professional. strategic energy 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 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 the level of production peak for a longer period in cooperation between international oil companies and national events of a shift in the energy sector in Iraq. investment opportunities either Basra’s governor Majed Nasraoui, has pointed out investment opportunities and 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 that were facing the province in the development of a promising environment for local investments, and this is what will support the specification building successful development of each Iraqi provinces across the country. ” Meanwhile, said Louay 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 richness is not could reach Iraq to stage prosperity unless used oil imports as a way to diversify revenues of the national economy on the basis of a federal “, and added that any 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 financial budgets Large aims to develop the 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 the scientific, administrative and technical in all disciplines. ” and 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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