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Shahristani: Iraq's fifth-largest country in the world reserves of natural gas and oil reserves of 150 billion barrels

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Long-Presse / Baghdad

Deputy Prime Minister for Energy Hussain al-Shahristani, said on Wednesday that Iraq "the fifth largest country in the world reserves of natural gas," and that its reserves of oil estimated "150 billion barrels", as pointed out that oil production "will reach 4.7 million barrels per day by 2015, "stressed that the Iraqi government would" take actions in the event of the Kurdistan region to export oil outside the framework of the Iraqi Marketing Company (SOMO). "

Shahristani said in a lecture at the Royal Institute of International Affairs, Chatham House, on the sidelines of the Annual Energy Conference for the Middle East and North Africa, held for the period (27-28) in January the current in the British capital London, and transfer of a press release issued by his office, and I have read it ( Press-term), "The oil reserves in the Middle East and North Africa exceeds 1.2 trillion barrels and that means half the world's reserves," stressing that "Iraq's reserves estimated at 150 billion barrels."

Shahristani said that "the Iraqi oil production will reach 4.7 million barrels per day by the year 2015 and 9 billion barrels per day by the year 2020," noting that "gas reserves in Iraq, up to 280 trillion cubic feet, and its ranking is the fifth largest country in the world in reserves natural gas, "explaining that he" was drilled 600 wells have been trained thousands of Iraqi technical personnel working in the field of oil. "

The Deputy Prime Minister said that "the federal government has asked the KRG to be the export of oil through the Iraqi Oil Marketing Company (SOMO) because it is the only body authorized to export Iraqi oil," stressing that "the government will take measures to protect Iraq's oil wealth in the event of export oil outside the framework of the company. "

The Iraqi Deputy Prime Minister for Energy Hussain al-Shahristani said on Wednesday that the war in Syria "obstructed oil and gas projects in the fields of Iraq," and pointed out that the tube's main export extended to the Mediterranean hurt a lot, "and while pointing out that the processes of production and exports in southern fields "on the rates remained the province without effect", he stressed that security problems have hindered oil projects in the western region.

The Deputy Prime Minister for Energy Hussain al-Shahristani said, in (18 December 2013), that Iraq has oil reserves "of 143 billion barrels and accounting for 10% of global reserves," and explained that he aims to "produce 9 million barrels of oil per day by 2020 "While he noted that he plans to increase the capacity of electricity produced to" 60 000 MW in 2030 ", he stressed the need to" train 500 000 employees "to cover the needs in the major oil and gas sectors.

He announced Shahristani, in (November 1, 2013), prepared major global companies to spend 25 billion dollars to boost production in the oil fields of Iraq giant despite the security situation, and among the southern oil fields will add 500 000 barrels per day to production next year, expect not damaged system Oil strategy Iraqi armed attacks and assured to provide security protection for the oil fields in the provinces of Anbar and Nineveh.

The Deputy Prime Minister for Energy Hussain al-Shahristani announced, in October 17, 2013, that Iraq would be a "main provider" of crude oil in the world through the development of its oil fields and increased foreign investment despite the political instability in the region, which is a global concern regarding the processing of oil.

Iraq needs an investment of $ 15-20 billion dollars for the establishment of four new refineries and the expansion of the energy sector.

Iraq relies on the financial Moisnath almost entirely on oil and by up to more than 90%, where the Iraqi government announced the budget for the year 2013 budget amounted to 138 trillion dinars, which was adopted from exports increased by 2.9 million barrels at a rate of $ 90 per barrel.

Shahristani was threatened, in (January 28, 2014), legal action and financial against the Kurdistan region of Iraq in the event of oil exports before the agreement with Baghdad, "and stressed that the Iraqi government informed of Turkey and the Government of the region by refusing to continuing it," as pointed out that the government is still waiting to respond to its proposal last.

The KRG President Barzani announced, in January 27, 2014, that the process of forming a new government in the province, "harder" than its predecessors, and pointed to the continuing differences between Baghdad and Erbil, even with the desire of the region and the United States Ptousel parties to solutions, he stressed that the central government still dealing territory in a way previous regimes themselves.

And visited the head of the Kurdistan Regional Government Nechirvan Barzani, in the January 19, 2014, to Baghdad at the head of an official delegation to resolve the crisis between the province and the center on the oil and the financial budget for the current year of 2014, with the exception of the Kurdistan Alliance Barzani's visit "complementary" to the visits of the previous discussed all agreements that serve the Iraqi people.

The Iraqi Oil Ministry has threatened on Friday (January 17, 2014), to "take legal action" against Turkey and the Kurdistan region to export "oil getaway" through a tube Turkey without the approval of Baghdad, and showed that it was "included" in the black list of any company dealing with pipeline project tube passing through the territory of Kurdistan through Turkey.

With the exception of the Kurdistan Alliance, on Saturday (January 18, 2014), the threat of the Iraqi Oil Ministry to the Kurdistan region as a "beginning to wage economic war", and emphasized that the region "past in the export of oil through Turkey because this is the right constitutionally," while showed the Iraqi List the federal government "is not strong to impose its will on the region," and suggested "end of the crisis after the visit of Prime Minister of the Territory Nechirvan Barzani to Baghdad."

The Oil Ministry has promised, in (January 18, 2014), the decision of the Kurdistan region to export oil to Turkey later this month "unacceptable violation" of the agreements, and threatened to prosecute the perpetrators prosecuted, the fact that shipments are considered "contraband", while expressed its strong protest to the government Turkish pipeline system used to line the Iraqi - Turkish.

The file is one of the oil threads "sticking" in the relationship with Baghdad, Ankara, against the backdrop of the recent relationship Arbil and facilitate the export of the region's oil through its territory, which opposes Baghdad along the line.

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