Posts Tagged ‘List of countries by oil production’

Expert: Iraq will be the most developed countries in the global oil economy

Posted: July 29, 2012 in Iraqi Dinar/Politics, Top Headlines
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07/26/2012 0:00

Stated that alternative energy can not compensate for the needs of the oil during the next fifty years

Said Academy specializes affairs oil that opening up the technological world is witnessing led to be the economics of oil and gas, the cornerstone of the growth processes of producing countries, stressing that this concept is to make the oil markets, the upper hand in the organization of economic policy for the various joints, advanced industrial countries, and while he believes that the stage the current through which Iraq require more strategic planning, stressed the need to find a tool or a driving force for the advancement of economic destruction, saying that oil is the most prominent of those tools and the driving means toward economic transformation towards achieving progress in sustainable development rates in the country. (more…)

WSJ: For Oil, Libya Burns, but Iraq Smolders

Posted: March 1, 2011 in Iraqi Dinar/Politics
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[OILHERD]

By LIAM DENNING

Oil investors: Don’t forget Iraq. While Libya’s clashes dominate the oil market, Iraq will have far more impact on prices in the medium term. This weekend’s bomb attack on the Baiji oil refinery was a timely reminder.

Baiji is small, processing less than 0.4% of global oil supply. But the attack is troubling for two reasons.

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A Parliamentary Committee: Oil and Gas Law Requires Political Consensus for Adoption

Posted: February 8, 2011 in Iraqi Dinar/Politics
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Baghdad, February 8 (Rn) – The Commission on oil and energy parliamentary, Tuesday, that the law of oil and gas requires a political consensus between the blocks before they are discussed within the Commission, stating that the law may be voted on during the ten days provided that the political agreement.

The committee member said Bayazid Hassan, told the Kurdish news agency (Rn), “The oil and gas law had not been included so far within the functions of the Commission on oil and gas representative,” noting that “the law needs to be political consensus between the blocks before going it to the House of Representatives.”

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Iraq: Large movements of oil in the south will improve economy; Oil and gas law launched this session

Posted: February 7, 2011 in Iraqi Dinar/Politics
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There is a movement of oil in the south to export the largest possible quantity of oil to improve the Iraqi economy (Oil and Gas law to be launched this session)

MP for a coalition of state law were part of the National Alliance Kamal Saadi that there is movement of oil in the south to export the largest possible quantity of oil to improve the economy of Iraq.

And Saadi said in a statement singled out by the correspondent of the Agency for News News (et): The operation of oil is an essential part, begun to move on track.

Asserting that “the resumption of oil exports from the region positive step is in the development of the economy and increase of the wills of the State. Adding that” This step is a solution to the forms between the province and the Centre will be the beginning of the agreements for the entire political process.

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Funding foreign oil companies in Kurdistan laid in Iraqi budget

Posted: February 6, 2011 in Iraqi Dinar/Politics
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Sulaimaniya, Feb.6 (AKnews)- A member of the oil and gas committee in the Iraqi parliament said Saturday the compensation of the foreign oil exploring and drilling companies functioning in the Kurdistan Region is stipulated in the Iraqi budget 2011, while he urged the Kurdish administration to present the Iraqi government with details of its oil contracts to be entitled the right.

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Iraq to pay expenses to oil firms in Kurdish region

Posted: January 19, 2011 in Iraqi Dinar/Politics
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The Iraqi oil ministry has agreed with its Kurdish counterpart to pay exploration costs and expenses to the foreign firms working in the northern Kurdish region, a spokesman for Iraq’s oil ministry said on Wednesday.

Oil Ministry spokesman Asim Jihad told Reuters that the State Oil Marketing Organisation (SOMO) will be responsible for payments to the companies, which will be made through the Kurdish Natural Resources Ministry.

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