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Oil: We aspire to increase our production of oil {} 6-8 million barrels per month during the coming years
11/19/2014 10:21
Oil Ministry confirmed the existence of a plan to reach in the coming years to more than {6-8} million barrels per month and therefore this will impact on the economy and the Iraqi citizen. He said ministry spokesman Assem Jihad said in a statement that "oil prices will not fall more than the current price, it is true The cost of oil in Iraq is less and cost us dip into more than two dollars, but in some countries it costs drop in oil to more than {70} dollars, and therefore the oil market does not bear the price drop more than that. " He noted that "there is a meeting of OPEC at the end of this month, Iraq will be participant in which to study and discuss the implications of the decline in oil prices in the global oil market to put the mechanics of note that the reports issued by OPEC and actors specialized indicate an improvement in oil prices in the near future. " Jihad said that "The oil ministry has a plan in agreement with international companies which The gradual increases in each year on oil production, which is reflected on exports and, for example, we are at the beginning of next year there Zaaderh in Qurna 2 field to up output to more than {400} thousand barrels and therefore this also includes other fields. " He noted that " the process of development in the oil fields need some time, that we have a plan to reach in the coming years to more than {6-8} million barrels per month and therefore this will impact on the Iraqi economy and the citizen "
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11/19/2014 10:21
Oil Ministry confirmed the existence of a plan to reach in the coming years to more than {6-8} million barrels per month and therefore this will impact on the economy and the Iraqi citizen. He said ministry spokesman Assem Jihad said in a statement that "oil prices will not fall more than the current price, it is true The cost of oil in Iraq is less and cost us dip into more than two dollars, but in some countries it costs drop in oil to more than {70} dollars, and therefore the oil market does not bear the price drop more than that. " He noted that "there is a meeting of OPEC at the end of this month, Iraq will be participant in which to study and discuss the implications of the decline in oil prices in the global oil market to put the mechanics of note that the reports issued by OPEC and actors specialized indicate an improvement in oil prices in the near future. " Jihad said that "The oil ministry has a plan in agreement with international companies which The gradual increases in each year on oil production, which is reflected on exports and, for example, we are at the beginning of next year there Zaaderh in Qurna 2 field to up output to more than {400} thousand barrels and therefore this also includes other fields. " He noted that " the process of development in the oil fields need some time, that we have a plan to reach in the coming years to more than {6-8} million barrels per month and therefore this will impact on the Iraqi economy and the citizen "
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