Iraqi Dinar Discussion Board

[ema-266]

Transfer Oil Wealth to Sustainable Wealth

11/2/2010

Oil Minister: We have a long waiting time for the Iraqis and benefit from its vast oil wealth

Conscious / n. ? X

Oil minister , Hussain al-Shahristani said that Iraq is entering the next six years to be at the forefront of the world in production and export of crude oil, so when approaching rates of oil production capacity from / 12 / million barrels per day, using items in the international oil companies.

Shahristani said in a press statement "has been a long wait for the Iraqis, and the time to benefit from its vast oil wealth and the transfer of revenues to the giant projects in all fields of industry, health, agriculture and the rehabilitation and reconstruction solving the problems of the housing crisis."

Shahristani said "enough of Iraq's oil all Iraqis and will be a meat and not a sectarian conflicts, we are currently setting up an investment fund for future generations, such as many countries in the world as we work to transform oil wealth to sustainable wealth through the use of future income in the implementation of projects big and important."

And al-Shahristani, "Iraqi investments in the oil and gas would not reflect negatively on the stability of oil in the international market.

Explaining that "Iraq has drafted a paper will be submitted to OPEC next year for the development of controls to determine the quotas.

And went on saying that "Iraq policy is not to maximize revenue and maximize production and to seek justice in the distribution of quotas in the OPEC."

The Iraqi Oil Ministry signed since mid-last year and until January last ten oil contracts, according to the system of service contracts in the context of licensing rounds of the first and second oil fields to invest in order to raise the production ceiling to more than 12 million barrels per day by these companies ..

http://articlesofinterest-kelley.blogspot.com/2010/02/oil-minister-shahristani-transform-oil.html