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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 works to add 300,000 barrels to its exports in 2013 and support his position of OPEC

    Hkp1
    Hkp1
    Interacting Investor
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    Posts : 3118
    Join date : 2012-12-19

    Iraq works to add 300,000 barrels to its exports in 2013 and support his position of OPEC Empty Iraq works to add 300,000 barrels to its exports in 2013 and support his position of OPEC

    Post by Hkp1 Mon 07 Jan 2013, 1:43 pm

    Iraq works to add 300,000 barrels to its exports in 2013 and support his position of OPEC


    Last updated: 07 Jan 13 10: 58 am


    According
    to the spokesperson of the Ministry of oil, Sunday, the Ministry aimed
    during the new year 2013 to develop production and transportation
    systems and export to promote the production and export capacities of
    Iraq, seeking to add 300,000
    Barrels in 2013 to current exports and
    support its position in OPEC, oil expert said that the production levels
    achieved and that have not reached the levels posted in early rounds of
    licenses they considered successful logistical level.

    Assem
    Jihad said in a press release that the Ministry of oil "plan to boost
    oil exports by 300,000 barrels per day this year and to export rate on a
    2 million and 900,000 barrels a day, raising the size of the daily
    production of crude oil to up to 3 million and 700,000 barrels a day to 4
    million barrels a day next year 2014".

    Jihad said that Iraq
    "sought by raising productivity to promote she circled him role in the
    Organization of petroleum exporting countries (OPEC) that Iraq is the
    second largest petroleum producers at the moment which will be
    strengthened by this data".

    Jihad said the Ministry "is seeking
    this year to complete and opening more export ports floating to raise
    export potential and in the coming years to 5 million barrels a day.

    He
    stressed that the Ministry will "completion of phase II of the pipeline
    project alternative strategic transport crude oil from Basra in
    southern Iraq fields to refineries and power stations in Central and
    Northern Iraq, after the first phase opened last year and the second
    phase to the modern region of Northwest Iraq.

    He said the
    Ministry hoped to announce in the new year 2013 for the fifth round of
    licences which will include distinctive soft patches for development
    during this round to increase the proven reserves of invading Iraq ".

    Economic
    expert said, Abdul Razak Sadiq alabaigi oil "oil increase announced by
    the oil Ministry last year achieved according to what the federal budget
    Ordinance and that under the previous data, increase energy
    productivity are so realistic through the work of global companies to
    develop several fields and increase productive capacities".

    That
    comes after "the end to the degradation processes of many key productive
    fields because of low gas pressure, which is what necessitated work
    quickly within the licensing rounds to recaulk and reproduce to levels,
    and then work to increase production".

    Alabaigi felt that Iraq
    "now and later will work to increase production steadily," he said,
    adding that increased export "possible with export capacity system at
    present to 3 million and 400,000 barrels do not exploit them to 2
    million and 600,000 barrels in a proactive step to increase production".

    Alabaigi
    expressed his belief that oil production levels achieved and that have
    not reached the levels posted in early rounds of licenses "it considered
    successful logistical level increases significantly in fast production
    processes and development of domestic oil fields increased significantly
    from Iraq oil exports during the last biennium.

    And on
    alternative strategic project alabaigi said that the planning for this
    project since the 1980s and its implementation delayed but in an
    important time in the presence of real threats to close the Strait of
    Hormuz or if what regional tension or real conflict with Strait becomes a
    battlefield cannot routinely navigation ".

    "Even in the absence
    of Iran's Strait closed a further export port accommodates part of
    Iraq's oil exports, is important as well to play an important role in
    feeding refineries and power plants.

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