May 11, 2013, 1:43 pm
Economic expert called on behalf of Jamil Antoine, on Saturday, the central bank to adopt oil and gas Kkhozan the reserves instead of gold and the dollar, stressing that the value of oil exports during the year twice all the gold reserves in the country. (more…)
Posts Tagged ‘Oil reserves’
Economist calls for the adoption of the oil and gas reserve of the Central Bank economist
Posted: May 12, 2013 in Iraqi Dinar/PoliticsTags: Iraq, economy, Central bank, Ministry of Oil, Economy of Iraq, Oil reserves, Central Bank Iraq, Gold reserve
Assem Jihad: oil press is an important factor to reflect what goes on oil and energy in Iraq
Posted: May 5, 2013 in Iraqi Dinar/PoliticsTags: Baghdad, Economy of Iraq, Iraq, News agency, Oil Ministry, Oil reserves, Oil reserves in Iraq, Petroleum
04-05-2013 02:16 PM
Baghdad (newsletter). Called spokesman Assem Jihad, the oil Ministry to the attention to press Iraq’s oil for delivery of information to the petroleum and energy sector to people that Iraq possessed large oil reserves.
Jihad said the Organization Internews about press coverage and was attended by Iraq’s oil (News Agency): that Iraqi crude after 2003 became the focus of attention of all the media or other organizations and States, due to its Iraq oil stocks estimated at 500 billion barrels, rising above the (150) billion barrels, saying those numbers are growing. (more…)
Iraq falls to fifth in the world oil reserves behind Kuwait, Saudi Arabia and the United Arab Emirates
Posted: May 5, 2013 in Iraqi Dinar/PoliticsTags: Iraq, kuwait, Libya, Oil Ministry, Oil reserves, Russia, Saudi Arabia, United Arab Emirates
04/05/2013
BAGHDAD / JD / .. Said a new international report on global oil reserves that Iraq ranked 5 solution within the 10 states with the highest stock, came first in the Kingdom of Saudi Arabia.
According to the report, seen by Agency / JD /: 4 Arab countries of existing Samn, namely Kuwait, Saudi Arabia and the United Arab Emirates and Iraq.
10 prize has been solved Nigeria Banaati the oil up to 37 billion barrels, followed by Libya in the ranking 9 Banaati up to 46 billion barrels. (more…)
Editorial: Iraq will be the most developed countries in the global oil economy
Posted: July 26, 2012 in Iraqi Dinar/PoliticsTags: Energy, Iraq, Ministry of Petroleum (Iran), Oil reserves, Oil reserves in Iraq, OPEC, Petroleum, reuters
Posted 26/07/2012 10:35 AM
Babinaoz (Reuters) – said Academy specializes affairs of the 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 with He sees that the current through which Iraq required 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…)
Iraq says he owns 11% of global oil reserves
Posted: June 27, 2012 in Iraqi Dinar/PoliticsTags: Extraction of petroleum, Hussain al-Shahristani, Indonesia, Iraq, Jakarta, Oil reserves, Petroleum, Politics of Iraq
Erbil, June 27 (Rn) – Deputy Prime Minister for Energy, Hussain al-Shahristani said in a statement that Iraq has 11% of global oil reserves and that he is about to invest this energy in the coming years.
Iraq seeks to boost oil production to lesbian in three years with his recovery from decades of war and sanctions and is expected to implement the largest expansion in production capacity of oil in the world in 2012 with the opening of new outlets. (more…)
Iraq’s oil production will reach 60 billion barrels in 20 years
Posted: June 5, 2012 in Iraqi Dinar/PoliticsTags: Basra, Iraq, Kuwait Energy, Ministry of Petroleum (Iran), Oil field, Oil Ministry, Oil reserves, Persian Gulf
05-06-2012 11:00 AM
The Oil Ministry announced on Tuesday that Iraq’s oil production will reach sixty billion barrels in 20 years, while confirming that the expedition patches that were presented in the fourth round of licenses contain fifteen trillion cubic meters of natural gas.
The Minister of Oil Abdul Karim Laibi told ‘Sumerian News’, the ‘domestic production of oil during the next twenty years will reach sixty million barrels revenues estimated at five trillion dollars at the rate of $ 85 per barrel.’ (more…)
Economic researcher: Iraq will take control of future oil prices
Posted: May 18, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Basra, Iraq, News agency, Oil Ministry, Oil reserves, Oil reserves in Iraq, Price of petroleum
Date: Friday, 18-05-2012 08: 52 am
Baghdad (newsletter) … Economic researcher predicted mutations star’s quality in oil and energy in Iraq for his large oil reserves, noting that Iraq will take control of oil prices in the future.
He said Star (News News Agency): there is a strong desire by oil-consuming countries, to buy Iraqi oil, with its advantages of high quality oil in Basra in particular established which began producing oil light type, in addition to processing operations more accessible to global markets. (more…)
Iraq sets sights on No. 1 at OPEC
Posted: April 19, 2012 in Iraqi Dinar/PoliticsTags: Baghdad, Hussain al-Shahristani, Iraq, Kurdistan Regional government, London, Oil reserves, OPEC, Venezuela
UPI – [4/19/2012]
Iraq has moved to the top of the list of countries with lucrative oil reserves, the country’s deputy prime minister said.
Iraqi Deputy Prime Minister Hussain al-Shahristani said Iraq has proven oil reserves of 143 billion barrels plus potential reserves of around 214 billion barrels, which he said “puts Iraq at the top of the list of countries with large reserves,” reports Bloomberg News. (more…)
Transparency Initiative to monitor oil contracts: Iraq’s position will improve in file corruption
Posted: December 8, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Iraq, Iraqi government, Oil reserves, Petroleum, Politics of Iraq, Saudi Arabia, Secretary-General of the United Nations
Baghdad, 8 December / December (Rn) – The National Secretariat for the initiative of the Extractive Industries Transparency in Iraq IEITI the completion of the first report of the Extractive Industries Transparency for 2009 will be issued soon for the flags and through its results will improve the situation in Iraq of international peace corruption positively.
He said the Secretary-General of the initiative Alaa Mohi-Din told the Kurdish news agency (Rn) announced today that “there is a significant increase of international companies to enter Iraq’s oil because it contains oil reserves among oil-producing countries, as another country is likely to run out the oil, through the availability of reserve Excellent not consumed during the the past decades as well due to the circumstances of war, siege, and others, and found about 143 billion barrels. ” (more…)
Shara: phosphate, one of the important wealth after oil and gas in Iraq and a (9%) of world reserves
Posted: November 23, 2011 in Iraqi Dinar/PoliticsTags: Akashat, Baghdad, Basra, Council of Representatives of Iraq, Furat al-Shara, Iraq, Juba, Oil reserves
A member of the Commission on oil and energy in the Iraqi Council of Representatives MP “Furat al-Shara” on the importance of investment in the phosphate which is one of the important resources in the country, the country’s direction and the need to follow the work of modern techniques in the investment of the rest of the natural and mineral wealth. (more…)
United Nations: Iraq will top oil powers; Greatly affecting the world
Posted: November 16, 2011 in Iraqi Dinar/PoliticsTags: ExxonMobil, Hussain al-Shahristani, Iraq, Iraqi government, kurdistan, Oil reserves, Politics of Iraq, United Nation
13/11/2011 17:04
A report prepared by the United Nations that Iraq has oil reserves exceeding 143 billion barrels, and reserve potential exceeding 200 billion barrels, and that will lead the forces of oil Great position to influence the global markets, while Iraq denied officially be granted Company (Exxon Mobil) oil, U.S. approval to work in prospecting for crude oil in the Kurdistan region.
According to a UN report released yesterday that Iraq has oil reserves exceeding 143 billion barrels and potential reserves exceeding 200 billion barrels. The report, prepared by the Information and Analysis Unit and the Joint United Nations agencies, UNDP and the Organization for the reality of the oil and gas in Iraq, Iraq in the event of continuation of the current production of oil Vsikva reserves for 90 years. (more…)
Parliamentary source: the oil and energy working in the basement of Parliament wet without the Internet and control the fate of the largest in the world does not know of any wells is more important
Posted: November 3, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Committee, Council of Representatives of Iraq, Iraq, Ministry of Electricity, Ministry of Petroleum (Iran), Oil Ministry, Oil reserves
BAGHDAD – Abbas Zaidi
A source leading parliamentarian said in an interview with the “world”, said the Commission on oil and energy in the Iraqi Council of Representatives, which oversees the largest oil reserves in the world, working in conditions of miserable too, because they do not have sufficiently familiar with the reports of oil produced by news agencies, research centers, prestigious, and it derives its information from only the Oil Ministry, while a monopoly on recent data. (more…)
Iraq’s gross domestic product set to top 9%
Posted: November 1, 2011 in Iraqi Dinar/PoliticsTags: Central bank, Central Bank Iraq, Extraction of petroleum, GDP, Gross domestic product, Iraq, Kasim, Oil reserves
Posted on » Monday, October 31, 2011
BAGHDAD: Iraq’s gross domestic product (GDP) growth should rise to nine per cent in 2012 from around 6pc currently, mainly driven by an expected increase in oil production and exports, a senior central bank official said yesterday.
Iraq has some of the world’s largest oil reserves and is currently producing about 2.9 million bpd. High oil prices have helped the country earn billions of dollars more than projected this year.
“It will easily jump to 9pc next year, it will not be difficult. If production and exports in the oil sector rise, it is possible to reach that figure,” Iraqi Central Bank deputy governor Mudher Kasim said. (more…)
Iraq oil experts label oil law unconstitutional
Posted: October 9, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Constitution of Iraq, Iraq, Iraqi Constitution, Iraqi government, Oil reserves, Oil reserves in Iraq, Politics of Iraq
09/10/2011 11:44
Baghdad, Oct. 9 (AKnews) – Several high-ranking Iraqi oil experts got involved in the current dispute over the distribution of the country’s oil revenues and criticized what they called the “marginalization of the provinces”.
The recent oil law and attempts by the federal government to be the sole distributor of the oil wealth were against the constitution, the experts said.
Law on Nationalized Oil Company postponed; Awaiting adoption of Oil and Gas Law
Posted: September 30, 2011 in Iraqi Dinar/PoliticsTags: Law, Ministry of Petroleum (Iran), National oil company, Oil field, Oil Ministry, Oil reserves, OPEC, Petroleum
Oil and Gas Law postpone the passage of the law of the national oil company
01/10/2011
The link between the law of the national oil company and oil and gas law began to take an important place in shaping the country’s oil policy to serve the local economy.
A member of the Commission on oil and energy parliamentary Furat al-Shara, said his committee decided to postpone the adoption of the law of the national oil company until the adoption of the law of oil and gas.
And Odhavfa a press statement that “the Commission on oil and energy parliamentary decided to withdraw the law of the national oil company until the adoption of oil and gas law formula supports the political oil in the country.”
Iraq: the law was passed across the national oil company until the ratification of the oil and gas law
Posted: September 30, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, Iraq, Ministry of Petroleum (Iran), National oil company, Oil field, Oil Ministry, Oil reserves, OPEC
Baghdad, September 30 / Spettmr (Rn) – A member of the parliamentary oil and energy, said Friday that his committee decided to postpone the adoption of a law the national oil company until the passage of a law of oil and gas.
Said Furat al-Shara told the Kurdish news agency (Rn) that “the Commission on oil and energy parliamentary law firm decided to withdraw the national oil until the oil law and the gas form of political support the country’s oil.”
Financial Post: Big oil companies may have to give up Iraq gas
Posted: August 29, 2011 in Iraqi Dinar/PoliticsTags: Baghdad, BP, Exxon, Iraq, Oil reserves, Royal Dutch Shell, Rumaila, Rumaila oil field
Many of the world’s biggest energy companies may have to surrender most of the gas from Iraq’s vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe’s biggest company, obtained by Reuters, shows.
Oil giants including Royal Dutch Shell, BP, U.S.-based Exxon, China’s CNPC, and Italy’s Eni signed technical service contracts to develop three oilfields in southern Iraq in 2009-2010.
But the oil deals to develop the Zubair, Rumaila and West Qurna 1 fields near Basra oblige the big oil contractors to surrender the gas they do not use for reinjection or power generation to Iraq’s state-run South Gas Co (SGC).
Read More: http://business.financialpost.com/2011/08/29/big-oil-companies-may-have-to-give-up-iraq-gas/
