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Financial Times: Iraq's oil sector faces significant challenges
Published in: 4:31 m, July 11, 2013 the editor: ipa 2
Baghdad (Independent) .. and newspaper described "Financial Times" the British, Iraq that he and one of the states which will have a a significant contribution to in the processing of the global oil market, during the past ten the coming, noting that the of the oil industry the Iraqi has achieved a remarkable development recently, and that the the rates of production rose thanks to the foreign investments that has pumped in funds Many in the these the industry.
At the same time paper pointed to the existence of significant challenges facing the oil sector in Iraq, and impede the growth process continued in production rates; of the most important weakness of government institutions and the slowness in awarding contracts for infrastructure projects huge with meager incentives granted by decades of investing companies, as well as a deficit in skilled labor, which could lead to the destruction of the industry.
She added, "Financial Times" to these challenges, other obstacles related to the infrastructure of the oil sector such as lack of pipes for oil tanker and weakness in the size of the storage depots and the limited capacity of the pumping stations.
The newspaper quoted from the study of for the Foundation "Wood Mackenzie," the global specialized in the affairs of oil, to say that the oil companies the global which signed contracts to work in Iraq the late the past decade, the likes of BP and Exxon Mobil and Royal Duch Shell, you encounter the the challenges of in the case of infrastructures and the deterioration of the security situation as well as the Refunds meager that you get to them under the contracts, which is awarded companies between dollars and one-to-two dollars a only for every barrel of produces, what make the of those companies more careful of the the deposit of funds more in projects the Iraqi Oil. (end)
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Published in: 4:31 m, July 11, 2013 the editor: ipa 2
Baghdad (Independent) .. and newspaper described "Financial Times" the British, Iraq that he and one of the states which will have a a significant contribution to in the processing of the global oil market, during the past ten the coming, noting that the of the oil industry the Iraqi has achieved a remarkable development recently, and that the the rates of production rose thanks to the foreign investments that has pumped in funds Many in the these the industry.
At the same time paper pointed to the existence of significant challenges facing the oil sector in Iraq, and impede the growth process continued in production rates; of the most important weakness of government institutions and the slowness in awarding contracts for infrastructure projects huge with meager incentives granted by decades of investing companies, as well as a deficit in skilled labor, which could lead to the destruction of the industry.
She added, "Financial Times" to these challenges, other obstacles related to the infrastructure of the oil sector such as lack of pipes for oil tanker and weakness in the size of the storage depots and the limited capacity of the pumping stations.
The newspaper quoted from the study of for the Foundation "Wood Mackenzie," the global specialized in the affairs of oil, to say that the oil companies the global which signed contracts to work in Iraq the late the past decade, the likes of BP and Exxon Mobil and Royal Duch Shell, you encounter the the challenges of in the case of infrastructures and the deterioration of the security situation as well as the Refunds meager that you get to them under the contracts, which is awarded companies between dollars and one-to-two dollars a only for every barrel of produces, what make the of those companies more careful of the the deposit of funds more in projects the Iraqi Oil. (end)
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