Iraq called plan (2013-2030) and confirms that it will provide six trillion dollars and 10 million j

by Hkp1 Wed 12 Jun 2013, 2:31 pm

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Iraq called plan (2013-2030) and confirms that it will provide six trillion dollars and 10 million j

by Hkp1 Wed 12 Jun 2013, 2:31 pm

Iraq called plan (2013-2030) and confirms that it will provide six trillion dollars and 10 million jobs

Author: MK
Editor: NK, OK
2013/06/12 13: 45

Range/Baghdad

Deputy Prime Minister for Energy Affairs Hussein Al-Shahristani said Wednesday, launching the national integrated strategic plan for energy (2013-2030), confirmed that the plan would provide Iraq six trillion dollars and 10 million jobs, a sign that the plan includes building ports of export to raise the export capacity of the country next year to six million barrels per day.

Al-Shahristani said at the launching ceremony of the national integrated energy strategy (2013-2030) held at the Rashid Hotel in Baghdad, attended by, (range), we started the implementation stages of the integrated national strategic national plan according to the timetable from 2013 to 2030 ".

Al-Shahristani said that "according to the plan, Iraq will be in the next 20 years of the country depends on oil to a country depends on the economy to raise the level of living of the citizens."

Al-Shahristani said, "cannot rely solely on the production and export of oil and build an integrated manufacturing industries instead of importing those products, giant and contracts were signed memoranda of understanding with 10 companies to meet 15,000 megawatts of electricity.

Al-Shahristani invited the ministries to implement the plan, both within its jurisdiction and what time, "and" plan for Iraq five to six trillion dollars according to the schedule, as well as providing ten million jobs for Iraqis and to make Iraqi industry advanced world level for chemical industries ", stating that" there are contracts to build new refineries and petrochemical companies were invited to contract. "

Al-Shahristani revealed that "Iraq also signed a contract to establish a new company for gas and oil companies have committed not to burn gas lt oil but be invested, your walking" in Iraq plan to develop new pipelines and ports of export to be Iraqi ports able to export six million barrels of oil a day next year. "

And between Iraqi Deputy Prime Minister for Energy Affairs of the four licenses tours conducted by Iraq earlier emerged from 12 oil contracts, "he said, adding that" a fifth round of licenses will be held before the end of the year. "

He said the World Bank representative in Iraq during the release ceremony will incite against Simon of the national strategic plan for integrated energy that the World Bank will support Iraq in order to implement this strategy and was prepared to assist technically and financially. "

"He will incite against Iraq encountered difficulties during his plan", but "but this strategy would provide jobs and that its successful implementation will provide a great resource for Iraq and a strong economy and an increase in the production of electrical energy and contribute to reform their institutions."

Iraq is suffering a shortage of electricity since 1990, with increased cutting hours after 2003, in Baghdad and other provinces, and about twenty hours per day, because of the power plants and the sabotage affected, citizens turn to rely on generators for electricity.

And lost Iraq seven billion and $ 300 million annually as a result of the combustion of gas oil from the southern fields only ".

The shell oil company, announced in an official statement issued on (May 1, 2013), the Basra gas company operations, in cooperation with the Iraqi South gas company that owns (51%) Of the shares, and Mitsubishi which owns (5%) Of the project, while you are (44%), affirming that the project will be the largest of its kind in the world to reduce gas flaring ", indicating that the term of the contract between the three companies of 25 years, this project works to address the associated gas to oil that burned through three large oil fields in southern Iraq, are Rumaila, Zubair and West Qurna 1.

The Prime Minister has agreed to the Basra gas company, according to an economic model developed by the oil Ministry on the basis of the agreement of principles signed between them and shell for the treatment of associated gas produced from Rumaila and Zubair fields, Majnoon and West Qurna, while the initial agreement was signed between the Ministry of oil company Shell in September of 2008.

Preliminary estimates indicate that Iraq possessed stockpiles estimated 112 trillion cubic feet of gas, but the 700 million cubic feet of which smolders and daily wasted due to the lack of infrastructure investment.

The oil Ministry offered in May 2010, three gas fields to foreign investment walsibh and mansouria is a crutch, as will companies to develop oil fields are obliged to prevent the burning of any quantity of gas oil, as would be required to build facilities to manufacture gas and delivered to Iraq without charge.

Iraq depends on who owns the fourth largest oil reserves in the world, 95 percent of its annual oil exports, currently produces around 2 million and 900,000 barrels per day, with exports up to 2 million and 200,000 barrels a day.

The International Monetary Fund (IMF), urged Wednesday, (22 may 2013), Iraq "to take reform measures in the financial policy" to improve the living standards of citizens, the Iraqi economy still suffers from weaknesses "represented" by the small size of the non-oil sector and high unemployment ", stating that the Iraqi Central Bank reserves reached 70 billion dollars) by the end of 2012.

For years, Iraq is trying to attract foreign capital to develop its economy in the areas of private oil industry and housing and oil and gas extraction, and to the need of funds for infrastructure development and reconstruction, but observers say the lack of interest of the State to the private sector, where investment laws are free of significant safeguards for investors and absence of other laws remain obstacles to the development of the economy as intended.

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