Oil announces a plan to export five million barrels per day

[admin]

Oil announces a plan to export five million barrels per day and create a network of pipelines to transport gas
Monday, 26 September 2011
Iraq's economy


Oil announces a plan to export five million barrels per day and create a network of pipelines to transport gas
Author: HM Editor: CC | BR Monday, 26 September 2011 09:22 GMT
Spokesman for the Iraqi Oil Ministry, Asim Jihad
Alsumaria News / Baghdad said the Iraqi Oil Ministry, Monday, announced a plan to raise the export capacity of crude oil to five million barrels per day during the next two years, as well as seeking to establish a network of pipelines to transport gas. A spokesman for the Iraqi Oil Ministry, Assem Jihad, in an interview for "Alsumaria News", "The ministry has developed a proactive plan for the development of outlets export to keep pace with developments in the Iraqi oil production in the coming years," noting that "the projects that have reached Completion rates high will raise the export capacity of Iraqi crude oil to five million barrels per day over the past two next two years. " Jihad said that "the port of Basra and outlets present south does not absorb any increase that may occur on the export of oil in the future," explaining that "the first phase of the plan include the development of export outlets South, which includes the establishment of 16 tank capacity, seating capacity and one for 300 thousand barrels per day , in addition to the creation of three tubes freely, and four ports of floating, each a capacity of 900 thousand barrels per day. Jihad said that "The second stage requires the creation of three pipeline export via Syria to the Syrian port of Banias to add more than two million barrels per day, in addition to other projects, the construction of pipelines with Turkish side, "pointing out that" these projects will be sufficient for the next stage to keep pace with the development which will happen in the Iraqi oil production in the future. " Jihad said that "The ministry will also create a system of pipes for dry gas, liquid and gas associated with crude oil," asserting that "the production of gas from the These fields need to pipe network for distribution to power plants and laboratories of the Ministry of Industry and then export the surplus of it out of Iraq. " contracted Iraq during the past year 2010, with one of the world to create a four-port floating to export crude oil, will work in two of them at the end of the year current, card export for the port of one of 900 thousand barrels per day. Iraq is seeking through the development of oil fields in the two rounds of licensing the first and second, to reach a production of at least 11 million barrels per day within the next six years, to 12 million barrels per day after you add the quantities produced from other fields of national effort, and offered to the oil ministry three fields gas to foreign investment which fields Mansourieh Saybah and crutch, what would be the companies that will develop the oil fields are obliged to prevent burning any amount of gas associated with oil, as would be required to build facilities for the manufacture of associated gas, and handed over to Iraq without charge. The reserves of Iraq's proven natural gas, 112 trillion cubic feet, making Iraq ranked tenth among the world's rich natural gas. The Iraqi Oil Ministry announced on 25 April, the start of licensing round, the fourth for 12 exploration blocks in the different areas of Iraq, stressing that the aim of the tour promoting Iraq's oil reserves. and set Iraq's share of three million and 800 thousand barrels per day, but it is currently exported only 2,000,165 barrels a day, and is determined share of the export agreement between the States and the Organization of Petroleum Exporting Countries, and based on some standards, the most important reserves of each country, and calls for Iraq to increase its stake depending on what he says is "new oil discoveries," it has. It is noteworthy that Iraq is exporting crude oil from the ports of Basra and Khor al-Amaya on the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean Sea, and export would be trucked pelvic to Jordan, and the percentage of Iraqi exports from the Basra oil 90%, while the remaining issue of Kirkuk, Iraq currently produces about 2.0007 million barrels of crude oil per day, and emits approximately 2.0002 million barrels a day.

http://www.alsumarianews.com/ar/3/28...-details-.html