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Experts: the oil industry has become too late must activate promotion programs

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Experts: the oil industry has become too late must activate promotion programs

 Baghdad / tributary cactus

Industry experts called for new laws serve as a cover for all investment activities in oil fields from the far north to the south in accordance with thoughtful strategies for the advancement of the oil industries which are today very late compared to other countries of the region.
The oil expert Halim Kazem said that "everything we need at the present time for the development of the oil sector is clear laws covering all fields of Iraq from the far north and south as well as the existence of the national oil company that will be responsible for the organization, which will help the recovery of the oil sector. Added Kazim said in an interview (range) that "Iraq has oil fields productive and has other fields waiting for development as well as compositions by waiting for exploratory drilling, and on this basis, we have the oil wealth far outweigh the needs of the country and sufficient for more than a hundred years to come.
For his part, oil expert jeweler that "manufacturing of oil and gas is too late It is necessary to accelerate its development and activation programs for the manufacture of oil according to strategies successful, explaining the presence of large quantities of oil discovered but undeveloped. Well as having more than 400 installed geologist needs to the process of exploring and possibly be a success rate of more than 70%.
"The terms of exploration do not have any problem on the grounds that the oil explorer is we do not need to spend money on the 400 installation that this effort must be available to the development and operations. Pointed out that empirical studies of the many that have been made to the projects development processes all confirm that Iraq able to achieve the ambitious programs established by the success rate of up to produce 12 million barrels per day and had confirmed oil expert Abdul Jalil Hammadi al-Rubaie, the oil industry in Iraq is going in the right direction by pursuing the Oil Ministry plans scientific develop the oil sector according to the principles of recent global. said Rubaie said in a newspaper interview quoted Euphrates channel that the ministry began pursuing a right foundations and scientific plans in the development of this important sector by conducting auctions for contracting with international companies in the oil licensing rounds and gas in order to increase production and export Taqtin Iraqi crude oil.
He pointed out that the plans of the Ministry of Oil aims to promote the general budget by increasing state revenues financial oil that the Iraqi economy is supported almost entirely on the oil sector in the governance of state expenditure, calling to benefit from oil imports in the activation of other economic sectors to become Iraq is a country source before being imported.

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