Long-Presse / Baghdad
Britain expected, said on Wednesday that Iraq's oil production to rise to more than eight million barrels per day by 2040, while shown that the existing reserves in the Kurdistan region will play a "major role in this increase," promised that the development of the sector and increase the export of the county rates will be "very critical" for the future of the energy sector in the "unified Iraq," and called on the Iraqi parties involved to the whole interest in investing and providing favorable conditions for prosperity.
This came during an investment conference, held in London, today, in the presence of Iraqis, Kurds, concerned officials in the region, after two weeks of "reached the federal government and the Kurdistan Regional Government to deal completed by the dispute over oil exports and the sharing of resources," according to the Web site reported UPI news and seen it (the long-Presse).
British Energy Minister, Matthew Hancock, during the conference, said that "the Iraqi oil production rates will rise three-fold by the year 2040, to reach more than eight million barrels per day," noting that "the existing reserves in the Kurdistan region will play a major role in this increase." .
Hancock felt, that "the development of the sector and increase export rates from the Kurdistan region will contribute to a very vital role in the future of the energy sector in a unified Iraq," calling on "all Iraqi parties concerned to pay attention to investment and to provide the appropriate conditions to achieve prosperity."
Promised the British energy minister, that "economic development in Iraq will be very vital to the future political stability of the country," and urged investors need to "stand beside Iraq now."
It is noteworthy that the Minister of Natural Resources in the Kurdistan Regional Government, drastically, said during the conference, according to the Web site reported Bloom berg Bloomberg US economic news, and seen by the (long-Presse), earlier in the day, the Government of the Territory will increase its oil exports to reach 500 thousand barrels per day by the end of next March, up from the current rate of 400 thousand b / d, confirming that the production of the Kurdistan region of fields rates will go up to one million barrels per day by the end of next year 2015.
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