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Chief energy company chief in the Middle East: Iraq reserves may exceed Saudi Arabia
13:57 - 12/12/2019
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Information / translation ...
The chief chief of energy companies in the Middle East in the region confirmed that the Iraqi oil reserves have the ability to exceed Saudi Arabia's reserves and that many areas in the country are still unexplored.
And the website of (Arab News) newspaper quoted in his translation of the information / report of the CEO of Al-Hilal Majed Jafar as saying in the first “Salt” conference that, “Despite years of corruption, lack of infrastructure, and the five-year war on [You must be registered and logged in to see this link.] in [You must be registered and logged in to see this link.] , it succeeded. The country is increasing its oil production from 1.5 million barrels per day to 5 million barrels. ”
He added in a discussion session on the dynamics of power in the energy sector in Abu Dhabi that "this gives some indications of the reserves potential in [You must be registered and logged in to see this link.] , which I believe can exceed Saudi Arabia," noting that "parts of the country are still unexplored."
He added that "in order to take advantage of the country's full potential in the energy sector, the investment climate must be improved as necessary."
The report pointed out that "the oil and gas industry in the Middle East recently abandoned a large amount of market share to its American counterparts," noting that "with the United States becoming one of the largest producers in the world, its economy in terms of GDP will be better." If oil prices are higher, this changes all accounts. ” Ended / 25 z
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