Oil sector faces challenges due to poor infrastructure, lack

[Stillw8n]

Oil sector faces challenges due to poor infrastructure, lack of oil and gas (HCL) legislation

Tuesday, 17-04-2012

Baghdad (newsletter) … Former oil Minister Ibrahim Bahr Al-Ulum to rehabilitate oil facilities for export and storage systems to accommodate the planned amount of production and export of oil in the future, adding that highlighted the challenges facing the oil sector, poor infrastructure and lack of oil and gas Act legislation.

Ulum said (News Agency news) on Tuesday: the most important challenges facing the oil sector in Iraq which relate to technical side of any export system storage surface being non-builders still qualifications fully to absorb large quantities of oil either produced or exported,

He continued: in addition to the political sparring between parliamentary groups and bilateral disputes between Governments of Erbil and Baghdad led to non-oil and gas Act legislation, which is one of the important laws which helps to organize and develop the oil industry in Iraq, this is what made the bearings production and export of Iraqi crude oil limited and slow.

Ulum said: we must think seriously to open more than an external oil export port and not rely on implementing North and South through the move towards Syria to complete a pipeline stretching across the Mediterranean, in addition to new oil pipeline across Jordan, as well as the need to return to negotiations with the Saudi side to revive oil pipeline stretching across the Kingdom for multiple export outlets for Iraqi oil.

Former oil Minister referred to the plan of action: the presence of the oil Ministry, the current federal increase the export of petroleum from Iraq to the South (5) million barrels during the next four years, but this quantity need multiple export outlets for their assimilation, not only one export port of Basra

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