Dinar Reporter (IQDUSD)

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Shahrastani: Iraq's imports of oil could reach approximately $ 100 billion annually by the end of the year

Published 8.5.2008, 12:13 Published 8.5.2008, 12:13
وزير ال

نيوUzmatik / Baghdad

قاى نت أسعار النفط. Said Iraqi Oil Minister Hussein Shahrastani that imports of oil from Iraq hoped to arrive at the end of this year to 62 billion dollars, and it likely to reach 90 100 billion dollars, if it were to raise the ceiling of production and improved oil prices.

جز عن إستثماره. And foreign investment and openness to the world market in the oil sector Shahrastani said that this is normal and required integration with the requirements of that market, provided they do not mean to blackmail Iraq under the pretext that he owns everything and unable to exploit.
أاز". Shahrastani, who was speaking at a meeting within the range of cultural Festival, explained that "many are talking about the need for Iraq to open his arms and attract external capital," and stressed that he is not against this trend, but noted that he disagreed with the advocates who think that investment Iraq could not Do more, "adding that" Iraq's new economic development and has huge potential and excellent human capacity, and can be integrated with the world economically, so as to achieve higher utility and the greater good of the Iraqi people. "Asserting that" Iraq could be open and cooperate and give and take and refuse extortion. "
ة بـ 1.5 مليون في عام 2003. Shahrastani and pointed out that "his ministry is planning to produce 2.9 million bpd at the end of this year, the efforts of Iraqi exclusive", and revealed that the oil production during the past five years, the rate of 2.3 million barrels per day, compared with 1.5 million in in 2003.
يل. It is noteworthy that Iraq possesses the largest oil reserves in the world b up to about 115 billion barrels. ويعى نحو مليوني برميل يومياً. The economy depends on the export of oil per day which amounts to about two million barrels per day.
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