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04/29/2013 (23:01 pm) -
Russian company confirms Iraq possess high potential for oil production
Range / Agencies
Russian oil company confirmed that Iraq has high potential for oil production, but they Astdrki: that take advantage of them require a stable environment in the country. He said the Iraqi government oil expert Hamza Jeweler in a press statement seen by term: that Iraq has five giant fields very supergiants and after the discovery of 100 field Finally, it is expected to identify five other fields giant giants. He added that the fifth round of licenses energy contracts will focus on gas only, and according to the information available, the coming decades will include a clause is very important is that Iraq in the event of the discovery of oil fields, a non-binding developed by foreign companies, unlike gas fields on companies that discover that their evolution . He Jeweler: that Iraq has 520 complex oil and gas geology, and the finder of which only 114, while the developer of these fields amounts to 23, explaining that "we have a lot, we did not take advantage of yet only a fraction of them." And Abizaid: the focus on gas is designed to meet the needs of Iraq and the power plants of the many that have been developed recently, and to export gas to the world and specifically Europe, pointing out that there are efforts a real network connectivity gas pipeline passing through Turkey to Europe and through Egypt to Europe. And at the same level, announced that the Russian oil company Rosneft desire to contribute to the exploration and development activities in the Iraqi oil fields. The company's CEO Igor Sechin said in a statement: that Iraq has high potential for oil production, but take advantage of them require a stable environment in the country, indicating we are confident that the large bilateral projects is effective only will allow the development of Iraq's economy. It is said that CEO of Rosneft, the Russian oil Igor Sechin and president of Rustic Russian Technologies Sergei Chemezov, met recently with Iraqi Prime Minister Nuri al-Maliki and eternally willingness to make a technical review of the oil installations and support the activities of exploration and development of oil fields, according to data for them. Russian President Vladimir Putin has called for last year to boost his country's presence in Iraq after a decline in the production of the Russian company Lukoil of oil during the past three years from its old fields in Siberia. It is worth mentioning that the Iraqi Oil Minister Abdul Karim and coffee confirmed earlier that Iraq's oil production will reach 3.7 million barrels per day on average during this year, slightly less than the highest ever level of 3.8 million barrels, which was recorded in 1979, it is probable that the volume of exports up to 2.9 million barrels per day, including 250 thousand of the Kurdistan region.
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