Iraqi Oil Minister: we seek to produce 6 million barrels of oil per day لندن الحياة - 02/02/08// London life - 02/02/08 / / The newspaper «a British Times» that the rate of oil production in Iraq, the highest level since the invasion of Iraq in 2003, and currently stands at about 2.4 million barrels / day after an improvement in the security situation in the north of the country.
The newspaper reported that the Iraqi Oil Ministry will in the near future international oil companies to submit offers for contracts to help Iraq to increase its production in the fields require huge financial investments.
It is expected to exceed production capacity of the equipment installed prior to the invasion and the current level of up to 2.6 million barrels / day end of the current year.
. It is expected Iraqi Oil Minister Hussein Shahrastani in an interview with the newspaper that the rate of production six million barrels / day over a period of four years, on the other hand, the IMF is expected that the rate of growth in Iraq more than seven percent this year following the increase of oil production compared b 3.5 percent only last year.
Shahrastani said that the Iraqi government would not wait for parliament's approval to the law on oil, which delayed issuance for a long time. It provides a legal framework for foreign investments in the oil industry. And would invite foreign companies to help Iraq develop the oil industry, especially in new fields.
It was announced yesterday, the Executive Director of the company «Shell» giant Girón the Duxton that the company «very interested» access to opportunities in Iraq, which will be available when the oil reserve is the third largest reserves in the world. . He said that his company made proposals to the Government of Iraq in this regard. For his part, Shahrastani said that the competition between international companies will be severe. . The «that more than 45 oil companies contacted his ministry and expressed interest in working with them». This includes the oil companies and institutions from China, Russia, India and Brazil.
“This is a turning point. … I think in the next 12 or 15 months … that we’re going to make history. We’re going to allow the nation of Iraq to build itself,” Brig. Gen. Boozer said. “I believe that we can have success in Iraq, that it is possible.”
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