Gas investment associated supports state revenues
BAGHDAD - Farah pumice
Moving government efforts to expand the public budgets of the country's resources through an increase in crude oil and associated gas production investment, what is in the activation of other sectors.
The Prime Minister called earlier to expand the liquefied gas investment and associated with the extraction of crude oil and stop wasting it, stressing the increase in oil production rates and the commitment of Iraq in all its commitments with the oil companies.
Speaking economist Mahmoud Alloush "morning" in this regard, saying: "There were trends By building instead of burning it in case it has invested will cover the country's need of gas demand, and the allocation of the surplus for export quantities."
He Alloush: "The gas investment supports the budget revenues, but the security conditions prevented the liquefied gas extraction, which are frequently in the western region, as well as waste gas associated with the extraction of crude in the oil fields, which gives an opportunity for companies extracted that invest according to prior agreements between the Ministry of Oil and foreign companies wishing to invest in this area to achieve the desired results. "
Observers believe that foreign in Iraqi gas fields investments will shape the future of the gas industry to make him one gas resources job at the local and regional level and an indispensable resource for the European market, especially given that 70 percent of the gas with the oil flow burn a day, and that the loss of the burning process are estimated at $ 80 million a day.
The expert pointed to the possibility of referral (investments) in licensing rounds and contracts with major specialized companies in this field, especially given that the oil ministry is determined to LNG and associated investment without wasting resources to maximize budgets.
He believed that the sharp decline in oil prices and the global market and not to reduce production quantities by the "OPEC" have a negative impact on the budget of the country, as well as delay in the scheduled quantities of oil exports during the current year 2014.
The issue of oil through the Sumo in collaboration with the ministry according to the contexts in the extractive process and in accordance with the contracts, a fundamentalist contexts appropriations documentary made through extensive studies on global companies extracted.
Alloush stressed the need to utilize all the energies of the country and its potential in the extraction, production and export operations.
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BAGHDAD - Farah pumice
Moving government efforts to expand the public budgets of the country's resources through an increase in crude oil and associated gas production investment, what is in the activation of other sectors.
The Prime Minister called earlier to expand the liquefied gas investment and associated with the extraction of crude oil and stop wasting it, stressing the increase in oil production rates and the commitment of Iraq in all its commitments with the oil companies.
Speaking economist Mahmoud Alloush "morning" in this regard, saying: "There were trends By building instead of burning it in case it has invested will cover the country's need of gas demand, and the allocation of the surplus for export quantities."
He Alloush: "The gas investment supports the budget revenues, but the security conditions prevented the liquefied gas extraction, which are frequently in the western region, as well as waste gas associated with the extraction of crude in the oil fields, which gives an opportunity for companies extracted that invest according to prior agreements between the Ministry of Oil and foreign companies wishing to invest in this area to achieve the desired results. "
Observers believe that foreign in Iraqi gas fields investments will shape the future of the gas industry to make him one gas resources job at the local and regional level and an indispensable resource for the European market, especially given that 70 percent of the gas with the oil flow burn a day, and that the loss of the burning process are estimated at $ 80 million a day.
The expert pointed to the possibility of referral (investments) in licensing rounds and contracts with major specialized companies in this field, especially given that the oil ministry is determined to LNG and associated investment without wasting resources to maximize budgets.
He believed that the sharp decline in oil prices and the global market and not to reduce production quantities by the "OPEC" have a negative impact on the budget of the country, as well as delay in the scheduled quantities of oil exports during the current year 2014.
The issue of oil through the Sumo in collaboration with the ministry according to the contexts in the extractive process and in accordance with the contracts, a fundamentalist contexts appropriations documentary made through extensive studies on global companies extracted.
Alloush stressed the need to utilize all the energies of the country and its potential in the extraction, production and export operations.
[You must be registered and logged in to see this link.]