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Dabbagh, Iraq is the fastest growing in the world oil industry
Alsumaria News / Baghdad
considered the Iraqi government, Tuesday, that Iraq is the fastest growing in the world within the oil sector, while noting that electricity projects are promising, expected to start the movement of the reconstruction is very high in the country. The Minister of State, Iraqi government spokesman Ali al-Dabbagh conference held today in the building of the Minister and attended by "Alsumaria News", "Iraq is the fastest growing in the world in the oil sector because the Iraqi government signed a one and a single 14 contracts to invest the oil fields," noting that "nothing in any of the oil producing countries such as Thus activity. " Dabbagh said the "oil-producing countries come contracts oil gradually, and Iraq, there are an exception because its oil sector was getting late and behind," adding that "the Iraqi government entered the oil contracts and caused the movement of the work has no limits in the oil and gas." Dabbagh said that "the electricity projects in Iraq and is very promising not only the primary contractor, but other contractors in terms of distribution and other services with the electricity sector," asserting that "the construction sector will also see a great development, especially after the laws that encouraged investors are expected to begin movement reconstruction of very large ". and said Iraqi Oil Minister Abdul-Karim and coffee, on 25 April, the start of licensing round, the fourth for 12 exploration blocks in different parts of Iraq, while The Director General of the Department licenses and contracts in the ministry, that the trip is aimed at strengthening Iraq's oil reserves. The Iraq signed the beginning of the year 2010, contracts with 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 one million barrels to the quantities produced from other fields of national effort, as witnessed in May of last year, announced third round of licenses to develop three gas fields a field crutch in Ramadi, and the field Mansuriyah in Diyala, and the field of Sepah in Basra. The Deputy Prime Minister for Energy, Hussein Shahristani, signed on January 27 I the past, to control Iraq's oil policy to the world of the future in terms of distribution, pricing, and marketing after the presentation of the majority of oil fields for development, considering that the contracts signed with international oil companies are the best contracts in terms of its conditions and prices. revealed the Iraqi Oil Ministry, on 26 April , the willingness to increase Iraq's oil reserves and gas following the merger of the oil reserves of the Kurdistan region of Iraq, noting that it succeeded in increasing its oil production from three fields only to the more than 280 thousand barrels per day. The oil minister, Abdul Karim and coffee stressed, in the month of January last, that Iraq's production of crude oil rose to more than 2.0007 million barrels per day after it began international companies to develop oil fields for the first time in twenty years.
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