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The former oil minister: Iraq’s oil production will reach seven million barrels per day, the end of the year 2020
21-02-2012 | (Voice of Iraq) – Add a comment – Sumerian News / Baghdad
Anticipate and former oil minister Ibrahim Bahr al-Ulum, on Tuesday that up Iraq produced oil to seven million barrels per day year-end 2020, if Iraq continued to create the conditions of the oil investment in Iraq, urged the countries that benefited from the loss of Iraq’s market capacity to give up its stake.
Uloum said in an interview for “Alsumaria News” that “Iraq will produced oil to four million barrels per day, with the end of 2014 if Iraq was able to qualify its infrastructure, oil systems, storage, export and transfer facilities, superficial, and to seven million barrels per day by the end of the decade 2020, if Iraq continued to create conditions for investment in oil and on its ability to curb the political dispute in the management of oil wealth. “
The Bahr al-Ulum that “Iraq had reached produced oil to nearly three million barrels per day during the year 2012, with the opening of the port floating on export and card 850 thousand barrels per day,” adding that “the arrival of Iraq to produce four million barrels a day means being able to access to the average useful life is specified to him by the Organization of Petroleum Exporting Countries. “
He called Bahr al-Ulum states that have benefited over the past twenty years from its oil exports because of the loss of Iraq’s market capacity to “give up its stake in favor of Iraq,” pointing out that “Iraq can play a major role in the development and consolidation of relations with the OPEC countries, especially with the head of Iraq to the Organization during this year through the creation of an area of extensive dialogue with the countries of OPEC and the Persian Gulf. “
Iraq has signed, during the past year 2010, contracts with several international companies to develop some 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, and 12 million barrels per day after the addition of the quantities of other fields of national effort, and focused most of those contracts in the fields of the south.
Identified share of Iraq by the Organization of Petroleum Exporting three million and 800 thousand barrels per day, but it does not make only 2.2 million barrels per day at present, is determined share of the export agreement between the State and the organization and relies on some of the criteria most important reserve of each State, and Iraq is demanding an increase of its share based on What he says is “new oil discoveries,” it has.
And view the Iraq oil fields during the first licensing round and the second development by international companies to reach a production of at least 11 million barrels per day within the next six years, and to 12 million barrels per day after you add the quantities produced from other fields of national effort.
Iraq exports crude oil from the ports of Basra and Khor al-Amaya in the Persian Gulf, as well as the Turkish port of Ceyhan on the Mediterranean, and through the truck by truck to Jordan, and Iraq currently produces about 2.0009 million barrels of crude oil per day, and the issue of Iraq at the present time approximately 2.2 million barrels a day, and the proportion of exports from the Basra oil 90%, while the remaining issue of Kirkuk.
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