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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Allaibi: Iraq's oil production will reach 5 million barrels a year-end

    Rocky
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    • Post n°1

    Allaibi: Iraq's oil production will reach 5 million barrels a year-end Empty Allaibi: Iraq's oil production will reach 5 million barrels a year-end

    Post by Rocky Thu 16 Mar 2017, 3:24 am


    Allaibi: Iraq's oil production will reach 5 million barrels a year-end


    3/16/2017 0:00

    BASRA / Saad al - Sammak
    said the oil minister, Abdul - Jabbar Luaibi, Iraq 's daily output will reach about 5 million barrels of crude oil late this year, and expected oil prices to stabilize at higher than current levels of oil markets for years to come.
    Allaibi said in a statement to «morning» on the sidelines of his participation in the oil seminar , which was held in Basra on Saturday, it saw a major specialist in the field of international companies attend: «I do not expect a significant impact on world oil prices coming years, even with the increase of shale oil investment» , indicating that «global oil prices are subject to several factors , most notably the supply and demand and stockpiles of crude oil in the United States and China, as well as international political aspects».
    However , he stressed that « the global price of oil is going the right way».
    Luaibi also said, during a press conference held after the completion of the seminar, said that «the ministry 's ambitious plans aimed at the development of the oil sector in the country», adding that «among those plans, reviving projects working to increase crude oil production to 5 million barrels per day by year - end current, as well as other projects aimed at accompanying gas investment by 60 percent of the
    burned ».
    He Allaibi that the ministry 's strategy and plans for investment in infrastructure for the oil sector, especially (Iraq project) for the development of two rivers Omar and Artawi fields in Basra line sandy pipes to Aqaba , Jordan , and the project of water injection, adding that the ministry is going ahead with the construction of five refineries with a total capacity of about one million barrels per day, of which the refinery FAO export 300,000 card barrels per day as well as the beacon of the oil industry in Basra project, stressing that the ministry several negotiations with the Ministry of Industry was held to set up a petrochemical plant in Basra to be the city 's first industry , petrochemicals, oil, agriculture and manufacturing industries
    hydrocarbon.

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