Home
Shahristani: Comprehensive and sustainable strategy would make Iraq in the heart of the global energy market
24/09/2013 13:28:00
BAGHDAD / NINA / Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani said Iraq is working to implement a comprehensive and sustainable strategy of producing and marketing, which will make Iraq in the heart of the global energy market because of its huge hydrocarbon resources.
A statement of al-Shahristani's Office quoted him as saying, in a speech on Tuesday 24, Sept at the Third Gulf forum of energy markets that held in Dubai, UAE, " implementing this strategy would be of the highest benefit economic for the Iraqi people, explaining that the most important goal of this strategy is to increase oil production from the current level of more than 3 million barrels per day to 9 million barrels, which 7 million and a half million barrels will be allocated for export by 2020. "
He noted "that the coming stage will witness establishing new pipelines to the Mediterranean and the Red Sea via Jordan to diversify export outlets that will need to develop infrastructure in this sector."
He concluded, "The new export strategy aims to provide a system to pump crude oil enables Iraq to increase the proportion of oil directed to the Asian markets through the southern ports and provide flexibility for half of the total production through the northern pipeline to the Mediterranean and the Red Sea." / End
[You must be registered and logged in to see this link.]
24/09/2013 13:28:00
BAGHDAD / NINA / Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani said Iraq is working to implement a comprehensive and sustainable strategy of producing and marketing, which will make Iraq in the heart of the global energy market because of its huge hydrocarbon resources.
A statement of al-Shahristani's Office quoted him as saying, in a speech on Tuesday 24, Sept at the Third Gulf forum of energy markets that held in Dubai, UAE, " implementing this strategy would be of the highest benefit economic for the Iraqi people, explaining that the most important goal of this strategy is to increase oil production from the current level of more than 3 million barrels per day to 9 million barrels, which 7 million and a half million barrels will be allocated for export by 2020. "
He noted "that the coming stage will witness establishing new pipelines to the Mediterranean and the Red Sea via Jordan to diversify export outlets that will need to develop infrastructure in this sector."
He concluded, "The new export strategy aims to provide a system to pump crude oil enables Iraq to increase the proportion of oil directed to the Asian markets through the southern ports and provide flexibility for half of the total production through the northern pipeline to the Mediterranean and the Red Sea." / End
[You must be registered and logged in to see this link.]
