Maliki Moscow: potential gas reserves 170 trillion cubic feet in Iraq
- MONDAY, JULY 1, 2013 22:55
Twilight News / said Iraqi Prime Minister Nuri al-Maliki, on Monday, that the installed gas reserves in Iraq amounted to about 112 trillion standard cubic feet equivalent to 3.4 trillion cubic meters.
Maliki said in a speech during the opening of the Second Summit of the Forum of Gas Exporting Countries in Moscow pursued "Twilight News" that Iraq contains a potential gas reserves estimated at 170 trillion cubic feet.
Maliki pointed out that Iraq began the implementation of a broad program and an ambition to develop the oil and gas sector, and has resulted in "a significant increase in proven oil reserves of more than 150 billion barrels of oil, accompanied by a significant increase in gas reserves."
"We launched this year's licensing round fifth target gas exploration in different parts of Iraq, according to the conditions and arrangements conducive to investors to enable them to development of direct discoveries of commercial, where According to the latest studies to the possibility of doubling the gas reserves, the current view as it contains reserves potential is estimated at about 170 trillion cubic feet record. "
He added that he "will result in the development of crude oil production capacity according to the scenario and preferred average of 9.0 million b / d production capacity of associated gas ranging between 6-7 million standard cubic feet per day."
Maliki said that "international institutions such as the International Atomic Energy Agency predicts an annual growth of gas production in Iraq has up to a minimum of 10% which is the highest growth rate among all the gas-producing countries."
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