Iraq: oil licensing rounds yield increase production and exp
Posted: Sun Jan 29, 2012 4:51 pmIraq: oil licensing rounds yield increase production and exports
29/01/2012 18:57
Baghdad, January 29 (Rn) - confirm the number of experts and concerned with the oil that the oil licensing rounds concluded by the Federal Ministry of Oil started to reap the fruit, and led to an increase in the rates of production and export, while others have questioned the legality of the contracts within the last three rounds. and Iraq has signed oil deals with energy companies a giant to develop oil fields discovered to increase production after the lifting of the blockade on the country in 2003. The initial expectations that the production of the country will reach 12 million barrels per day by 2017, but the oil minister, Abdul Karim and coffee said months ago that the level of 8 to 8.5 million barrels per day will be the appropriate target more and that the time required to achieve this may extend to 13 or 14 years. Despite the volatility of the security situation in Iraq, but he seeks to exploit the energy sector for the reconstruction of the infrastructure of the country after long years of war and siege. The expert says oil Hamza jeweler told the Kurdish news agency (Rn) that the oil licensing rounds three led to an increase in the levels of production and export, indicating that the oil wells in nature need to be strenuous efforts to maintain the production levels of natural, making these contracts is very important for the modernization and development. and expected Jeweler a quantum leap in production of up to more than three million barrels per day during the year 2012, pointing to the expected increase during the years 2013 and 2014 up gradually and rising to about five million barrels a day. The data of the Ministry of Oil to the production levels before the conclusion of this contracts in 2009 ranging from 600. 1 million to 900.1 million barrels per day, increased during the past year 2011 to about 300. 2 million barrels, and arrived early this year to 900. 2 million barrels per day. According to the jeweler that these increases in the levels of production and export will be reflected positively on the various economic sectors, in terms of funding of the budgets of public and stimulate the investment process and the subsequent treatment process of the negative phenomena inherent in the dynamics of the economic landscape such as unemployment, inflation and imbalances price and recalcitrant toward consumption as well as addressing the scourge of financial and administrative corruption rampant in government institutions. and reduces the jeweler of allegations that go to the non-legal service contracts concluded within the licensing rounds three years, noting that it "entered into conformity with the laws governing the current, which was prevalent in the former regime," pointing to the as service contracts and not participate in the production, which is a feature reflected positively on the oil sector as a whole. and questioned a number of those interested in the affairs of the oil the legality of these contracts in the absence of a law on oil and gas, considering it a violation of the Constitution and its provisions for the management of oil and gas resources in the country. shows the jeweler that this contracts, provided the amount to more than $ 200 billion ceiling Mali needed was the oil wells before the service contracts entered into licensing rounds three, stressing that such contracts and provided the necessary expertise for technical cadres Iraq as well as modern technological methods in the petroleum industry. The power and wanted the oil about 95 per cent to balance the country's financial, Iraq needs billions of dollars for the reconstruction of its infrastructure crumbling. says the spokesman of the Ministry of Oil, Assem Jihad (Rn) that his ministry was able to attract major investment companies, the oil in the world and an investment of $ 130 billion despite the political and security challenges large faced by the Iraqi experience of modern democracy. Jihad said that the Council of Ministers and in accordance with the powers granted to it under applicable laws and in line with the merits of the Constitution to work on the conclusion of these contracts in order to develop the oil sector, which was suffering from sleep almost complete. shows the Jihad that companies with foreign investment has worked to reduce the roof production installed in the reasons for these contracts and by 10% in less than one year at a time when the contracts provide for a period of three years to develop. He Jihad to that other indicators of these tours have led to the investment companies called to raise the proportion of dependence on the national staff of 85% under decades, reflecting the desire of companies in the development and rehabilitation of the technical staff of national cut off from the world of development of the oil for more than three decades. He pointed out that the developmental ensure the award of fellowships to students of universities in the preliminary studies and higher through direct coordination between investment companies and Iraqi universities. and predicted jihad that production will reach the end of this year to more than 400. 3, and export to more than 600. 2 million barrels a day. It should be noted that Iraq was entering negotiations of quotas in the event of the arrival of its production to four million barrels a day, but it is currently outside the quotas of OPEC. According to a researcher in the affairs of oil Amr Hesham licensing rounds, the three-step in the right direction, but less efficient and the feasibility of a legal formula represented by the law shall be managed by the oil sector and gas in the country. He says Hisham (Rn) that there are positive indications revealed by the service contracts in the licensing rounds is to increase the actual mounting of the production capacity and the clear improvement in refining capacity as well as increase export capacity, especially after the open platforms floating in Iraqi ports. called Hisham to open ports other export be a substitute for the ports the current period of crisis. and entered into the Federal Oil Ministry contracts for service within the first licensing round in mid-2009 for the six fields of southern, central and west of the country, as announced for the second round the end of 2009 and included 10 fields, in the third round was held in early 2010 for the three gas fields. From: Abbas Ghalibi. Manufacturing of: Peace Joseph. Open: Abdullah Sabri
http://www.aknews.com/ar/aknews/8/287055/
29/01/2012 18:57
Baghdad, January 29 (Rn) - confirm the number of experts and concerned with the oil that the oil licensing rounds concluded by the Federal Ministry of Oil started to reap the fruit, and led to an increase in the rates of production and export, while others have questioned the legality of the contracts within the last three rounds. and Iraq has signed oil deals with energy companies a giant to develop oil fields discovered to increase production after the lifting of the blockade on the country in 2003. The initial expectations that the production of the country will reach 12 million barrels per day by 2017, but the oil minister, Abdul Karim and coffee said months ago that the level of 8 to 8.5 million barrels per day will be the appropriate target more and that the time required to achieve this may extend to 13 or 14 years. Despite the volatility of the security situation in Iraq, but he seeks to exploit the energy sector for the reconstruction of the infrastructure of the country after long years of war and siege. The expert says oil Hamza jeweler told the Kurdish news agency (Rn) that the oil licensing rounds three led to an increase in the levels of production and export, indicating that the oil wells in nature need to be strenuous efforts to maintain the production levels of natural, making these contracts is very important for the modernization and development. and expected Jeweler a quantum leap in production of up to more than three million barrels per day during the year 2012, pointing to the expected increase during the years 2013 and 2014 up gradually and rising to about five million barrels a day. The data of the Ministry of Oil to the production levels before the conclusion of this contracts in 2009 ranging from 600. 1 million to 900.1 million barrels per day, increased during the past year 2011 to about 300. 2 million barrels, and arrived early this year to 900. 2 million barrels per day. According to the jeweler that these increases in the levels of production and export will be reflected positively on the various economic sectors, in terms of funding of the budgets of public and stimulate the investment process and the subsequent treatment process of the negative phenomena inherent in the dynamics of the economic landscape such as unemployment, inflation and imbalances price and recalcitrant toward consumption as well as addressing the scourge of financial and administrative corruption rampant in government institutions. and reduces the jeweler of allegations that go to the non-legal service contracts concluded within the licensing rounds three years, noting that it "entered into conformity with the laws governing the current, which was prevalent in the former regime," pointing to the as service contracts and not participate in the production, which is a feature reflected positively on the oil sector as a whole. and questioned a number of those interested in the affairs of the oil the legality of these contracts in the absence of a law on oil and gas, considering it a violation of the Constitution and its provisions for the management of oil and gas resources in the country. shows the jeweler that this contracts, provided the amount to more than $ 200 billion ceiling Mali needed was the oil wells before the service contracts entered into licensing rounds three, stressing that such contracts and provided the necessary expertise for technical cadres Iraq as well as modern technological methods in the petroleum industry. The power and wanted the oil about 95 per cent to balance the country's financial, Iraq needs billions of dollars for the reconstruction of its infrastructure crumbling. says the spokesman of the Ministry of Oil, Assem Jihad (Rn) that his ministry was able to attract major investment companies, the oil in the world and an investment of $ 130 billion despite the political and security challenges large faced by the Iraqi experience of modern democracy. Jihad said that the Council of Ministers and in accordance with the powers granted to it under applicable laws and in line with the merits of the Constitution to work on the conclusion of these contracts in order to develop the oil sector, which was suffering from sleep almost complete. shows the Jihad that companies with foreign investment has worked to reduce the roof production installed in the reasons for these contracts and by 10% in less than one year at a time when the contracts provide for a period of three years to develop. He Jihad to that other indicators of these tours have led to the investment companies called to raise the proportion of dependence on the national staff of 85% under decades, reflecting the desire of companies in the development and rehabilitation of the technical staff of national cut off from the world of development of the oil for more than three decades. He pointed out that the developmental ensure the award of fellowships to students of universities in the preliminary studies and higher through direct coordination between investment companies and Iraqi universities. and predicted jihad that production will reach the end of this year to more than 400. 3, and export to more than 600. 2 million barrels a day. It should be noted that Iraq was entering negotiations of quotas in the event of the arrival of its production to four million barrels a day, but it is currently outside the quotas of OPEC. According to a researcher in the affairs of oil Amr Hesham licensing rounds, the three-step in the right direction, but less efficient and the feasibility of a legal formula represented by the law shall be managed by the oil sector and gas in the country. He says Hisham (Rn) that there are positive indications revealed by the service contracts in the licensing rounds is to increase the actual mounting of the production capacity and the clear improvement in refining capacity as well as increase export capacity, especially after the open platforms floating in Iraqi ports. called Hisham to open ports other export be a substitute for the ports the current period of crisis. and entered into the Federal Oil Ministry contracts for service within the first licensing round in mid-2009 for the six fields of southern, central and west of the country, as announced for the second round the end of 2009 and included 10 fields, in the third round was held in early 2010 for the three gas fields. From: Abbas Ghalibi. Manufacturing of: Peace Joseph. Open: Abdullah Sabri
http://www.aknews.com/ar/aknews/8/287055/