Saturday, June 15, 2013

Baghdad is seeking to increase oil production to 4.5 million barrels per day during 2014
Baghdad is seeking to increase oil production to 4.5 million barrels per day during 2014
Baghdad is seeking to increase oil production to 4.5 million barrels per day during 2014


J Abdul Khaliq Ali translation 

A senior official said Iraq expects to raise oil production from 3.5 million barrels per day currently to 4.5 million by the end of next year, thanks in to international oil companies that are developing oil and gas fields in the country. He also said chief adviser to Prime Minister Thamer Ghadban - former oil minister - that Iraq, rich in resources, which stands at the top of the fourth largest global reserve of crude oil, aims to produce 9 million barrels per day by 2020, noting that oil revenues constitute 95% of the Iraq's budget. Made Ghadbaan made ​​the remarks during a ceremony in Baghdad to put an energy plan in the long term and that determine the policies and recommendations for the development of infrastructure and to meet domestic demand and diversify the economy and create jobs and improve living standards.
remember Integrated Strategic Energy national Iraq needs to invest $ 620 billion in oil-related industries and gas until 2030. And indicates that he can raise $ 6 trillion on the basis of the price of a hundred dollars per barrel of oil.
Iraq is trying to develop reserves of oil and gas after years of wars and international sanctions and neglect.The foreign companies with the resources and expertise are reluctant to come to the country after the invasion of 2003 due to the deteriorating security situation, but that Iraq awarded dozens of deals to international energy companies specialized in oil and gas, such as Exxon Mobil, the U.S. and BP British and French Total and others, after the situation improves security.
since that time and increase daily oil production at a great rate of 2.4 million barrels to 3.4 million barrels per day at the moment, as well as to increase its exports of less than 2 million barrels per day to 2.4 million currently. And despite the fact that the plan has been approved by the Council of Ministers in April, but it is clear that the government can implement them. Said analyst and Minister of Planning Previous Mehdi al-Hafez on the sidelines of the ceremony that the plan was "very important" for the future of Iraq, but political infighting and instability could hinder that, "There is no doubt that it is very important to ensure political stability and defuse the political tension and enable the Government to that have real authority in all parts of the country. "He added that the solution to the severe crisis experienced by the country should be the first priority, where recent months have seen an increasing polarization between the government and the Sunni Arabs, in addition to the worst wave of violence over the years.
could witness daily production and export a larger contribution from the Kurdistan region the oil-rich, but the dispute over payments with the central government to pay the Kurds to stop exports through pipelines that run by Baghdad.
Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said there was no agreement yet between the two sides to resume oil exports, although the visit by the Prime Minister to province on Sunday in a bid to improve strained relations between them.
previously that the Kurds unilaterally signed scores of deals for oil exploration with foreign energy companies despite the objections of Baghdad, which considers such deals illegal. At the beginning of this year, began the Kurds ship oil through Turkey to the world market, making the Baghdad region accuses of smuggling and threaten بمقاضاته. We have the rights to develop natural resources is part of the long dispute between the central government and the region, which also includes the disputed areas and the allocation of funds. : The Seattle Times

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