The government initiated measures to extend crude oil pipeline through the port of Aqaba on the Red

The government initiated measures to extend crude oil pipeline through the port of Aqaba on the Red Sea


17:38 - 05/14/2017


Spokesman for Prime Minister Saad al-Hadithi Information Office, Sunday, direct measures to extend crude oil pipeline through the port of Aqaba on the Red Sea, while the likely rise in gas liquid production in the coming years to six times the current production.

Said Sabri in the weekly briefing followed the agency / information /, it is "a commitment from the government to implement the government program, which included the fourth axis, which increase oil and gas production to improve the financial sustainability has taken many measures," he said, adding that he "was doing basic steps in the scope of the development the oil industry being the largest contributor to the generation of public revenues of the state whether it is in the area of ​​increasing the amount of oil fields or explored the development of infrastructure necessary to increase oil exports to the establishment and development of the pipeline for the transfer of crude oil and marketing networks through ports Ports and export as well as increased volumes of oil production during the last three years and progressively. "

"The amount of product oil per day was in 2014, 3.00011 million thousand barrels per day and saw this amount increased by 20% in 2015 and by 34% in 2016 and by 36% in 2017, compared to the amount of oil that Iraq was produced in 2014" .

"In the framework of the associated gas investment, which was going to waste has yielded the program established to stop waste and achieve optimal investment associated gas to benefit from 50% of the quantities at the end of the year 2016," noting that "the amount of associated gas wasted was amounting to 2800 million standard cubic feet per day, according to government set plans and procedures, the investor of the proportion of this amount has been reached by the end of last year to 1,400 million standard cubic feet per day. "

Hadithic pointed out that "will invest all the associated gas quantities by the end of next year, it has been the results of the government's efforts in this regard that Iraq has begun for the first time export of gas condensate and liquid gas, if exported the first shipment of condensate in March 2016".

He said the "first shipment of liquid gas has chest Iraq in July 2016, where Iraq's transition from a net importer to an exporter of liquefied compressed after it exceeded the self-sufficiency of the gas which is used for cooking stage, with a total of chest Iraq in less than a year more from 2303000 (two million three hundred and three thousand) barrels of condensate, and more than 40,000 (forty thousand) tons of liquid gas has achieved imports amounted to more than $ 100 million, as well as the provision of the amounts that were spent to import liquid gas annually for example, amounted to the quantities imported in 2015 of liquid gas material 285 560 (two hundred and eighty-five of Fa five hundred and sixty tons) at a cost of more than $ 141 million for the purpose of bridging the consumer need in Iraq, is expected to produce gas liquid rises in the coming years to six times the current production. "

He added that "about increasing the storage capacity of crude oil for export from Iraqi ports have been set up warehouses with a capacity of crude oil college amount of about 700 thousand cubic meters."

He said Sabri said: "The government is moving to start the procedures assignment project pipeline to export Iraqi crude oil through the port of Aqaba on the Red Sea and the result achieved the increase of production of Iraqi crude oil and expected increase in the coming years and Simitdd pipeline for a distance of 1490 kilometers," pointing out that "this project will stimulate market work provides wide opportunities to absorb the workforce and will have a direct positive economic return on the Iraqi economy, and will represent the head of a step in the revitalization of the investment that the government is working on activating the government in implementation of the program and the application of the paper adopted by the government reform Acanuto path R. Haider Abadi, head of the Council of Ministers ".anthy 25 K



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