The world awaits the future of energy in Iraq

The world awaits the future of energy in Iraq

9/25/2014 0:00

Maysan Oil continues its upward in production

BAGHDAD Hussein al-Tamimi Tgb - Mustafa al-Hashemi

Interested observers energy affairs Kohtmam IAEA in Iraq, which has been facing different challenges at all levels, developments in the oil industry and foreign investment and follow his news such as rising oil production, and economic stability, and that the country is on its way to achieve its potential as the leading sources of the world's leading hydrocarbon exports.

Performance Evaluation

In this regard accept specialist in energy affairs Ahmed Musa horses what is going through the oil sector developments in Iraq by highlighting at the main and expectations compared with what has been achieved so far in most of the information and data and evaluate the reality of performance, including that would analyze the development in sub-sectors by identifying key successes and failures and to explain the circumstances and the factors that contributed to these results.

Capacity Development

He said horses in a statement (morning) that the sub-sectors represent exploration efforts to increase proven reserves, and the development of the fields and the production capacity for each of the oil and gas, refining and specifically refineries and take advantage of the associated gas and export ports, capacity and market, as well as review summaries on opportunities for foreign direct investment and legal frameworks organized in each of the sub-sectors listed on the basis of existing legal instruments and methods of contracting.

Infrastructure

He added that the focus now is on current issues and geopolitical considerations in addition to the challenges of logistics resources, infrastructure and its impact on the future of the country in general and the oil sector in particular, especially in the short and medium term, as well as existential threats and challenges of the pressing issues Ktdaaaat «Daash» terror and threats direct serious, referring to the relationship of the federal government and the Kurdistan Regional Government and the formation of the new government (oil bag) and the composition of the membership of the Committee on Energy (oil and gas) in Parliament.

Structural challenges

He confirmed that the horses of structural and operational challenges to specific sectors highlights the effects of the water injection requirements and other possible alternatives and warehouse reservoirs of oil in the FAO and the limited human resources and skills, as well as the knowledge and capabilities.

Oil reservoirs

To the official source in Maysan Oil Company, in an interview »Sabah« that the action plan adopted by the company is moving to identify potential challenges facing the implementation of the business at different stages of the labor sector starting from the exploration and identification of oil reservoirs and investment operations down to the production stage, which rise continuously according to the plans drawn by the Maysan Oil and global investment firms.

Export capabilities

The source pointed out that the plans to address the problem of the transfer of oil production as the company's marketing capabilities are limited, but after D pipeline carrier of crude oil rose towards FAO export capabilities of the company and has become possible to export one million barrels a day.

He noted that the company attaches great importance to the issue of creating efficiencies comparable to local and foreign expertise through ongoing training courses inside and outside the country, as well as through direct contact competencies evolving global operating in Iraq.

Develop expertise

The source confirmed that the company will continue with specialist international effort through coordination with Petro Jayna Chinese working in the province, which has shown a great desire to develop local expertise and straightened to enable them to deal with the evolving technology. He noted that the company is working to take advantage of all the paragraphs Almthbh in decades oil licensing rounds that regulate labor between international companies and the beneficiary companies and the Oil Ministry, where contracts include aspects concerned with the development of the energy sector and employees of Iraqi expertise at all levels, as well as social benefits in those areas were The International Energy Agency are looking forward to an increase in the production of Iraq early last year, and expected levels of oil production to more than four million barrels per day by 2015, but the current crisis has cast a shadow on this prediction.

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