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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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    Iraq is seeking to bridge the budget deficit by increasing oil exports from the south amid skepticis

    Rocky
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    Iraq is seeking to bridge the budget deficit by increasing oil exports from the south amid skepticis Empty Iraq is seeking to bridge the budget deficit by increasing oil exports from the south amid skepticis

    Post by Rocky Mon 25 Aug 2014, 8:04 am

    Iraq is seeking to bridge the budget deficit by increasing oil exports from the south amid skepticism Experts


    AUGUST 24, 2014

    BAGHDAD - Anatolia revealed the Iraqi Oil Ministry for its efforts to increase oil exports through the southern fields, especially after gunmen seized control of the organization of the Islamic state on some of the fields in the northern region as well as the control of the on-line link between the fields of Kirkuk and the Turkish port of Ceyhan. 
    said the ministry's spokesman, Assem Jihad , in an exclusive interview that «the ministry has developed an urgent plan to increase oil exports from southern fields and according to the plans prepared in advance, especially after entering the field Hlvaip first in the province of Maysan service following the completion of the business in the pipeline connecting to the ports of Basra directly». 
    pointed out that «early next month will enter the second Halfaya field in Maysan province to the service in order to raise production rates». The Jihad that «the ministry's plan for this year and in agreement with the companies that won the rounds licenses include raising the production capacity of the fields, such as the West Qurna field, which has seen a rise in the level of production to 280 000 barrels during the current year, is scheduled to reach the production end of the year to 400 000 barrels day ». 
    According to Jihad, the field of Badra in Wasit province, entered the service of primary and began pumping the actual crude oil a few days ago and the card more than 15 000 barrels per day and up to 60 000 barrels per day, according to the chart for this field. 
     will also be the opening of the production unit, the second in the Halfaya field in the province of Maysan early next month, and thus will be added each of these quantities to national production, and in particular, after the completion of the completion of the lines to transport crude oil a length of 275 km and a diameter of more than 42 inches and card transfer of up to one million barrels per day of Maysan province, including the fields of Bazargan and Alhflaah and Maysan to the ports of Basra directly, what will increase the flow of exports and gives greater flexibility in oil export operations. 
    Jihad said all indications are that the total production from these fields will exceed 400 thousand barrels per day. 
    also revealed Jihad «the existence of efforts to raise production fields province Maysan, southern Iraq to more than 330 000 barrels per day, stressing thatIraq aspires because up to levels above 8 million barrels per day over the next few years ». 
    however, Assem Jihad, admitted that all these efforts will not be able to compensate for the shortfall in Iraqi exports as a result of to halt exports of the northern fields in Kirkuk, which were up an average of 400 000 barrels per day, and the differences between Baghdad and Erbil, and the lack of access levels of production in the Kurdistan region to 400 000 barrels per day. 
    This means that Iraq is losing about 800 000 barrels per day, a large amount does not southern fields can be compensated for the time being. But Assem Jihad said the ministry «seeks to fill this shortfall by all means available in agreement with international companies that won contracts licenses».   
    Meanwhile called art dealer to the Ministry of Planning, Mehdi Alak, the Oil Ministry to expedite the development of emergency plans in order to increase oil exports from the southern fields and filling as much as possible of the shortfall in the general budget ». 
    pointed out that «the inability of Iraq to continue to export its production of crude oil from the fields of the northern region Saqaibdh losses estimated at billions of dollars a month». 
    said experts in the field of energy that they are excluded to be able southern fields in Iraq fill the shortfall in oil exports due to suspension of exports through the Kirkuk oilfields and the continuing differences between Baghdad and Erbil on the export of oil. 
    confirmed oil expert Hamza jeweler that «the process to fill the gap in the rates of production will not take place at this time unless it is restored fields seized by state regulation Islamic and completion of maintenance work on the line strategic link between the fields of Kirkuk and the Turkish port of Ceyhan ». 
    According to official statistics, Iraq managed since the beginning of the year until mid-2014 Alshahralhali export over $ 56 billion US dollars.

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