Parliamentary energy demand and the oil ministry to activate their role in OPEC

Iraq: the parliamentary energy demand and the oil ministry to activate their role in OPEC
09/11/2011 08:58

Baghdad, November 9 (Rn) - called the Commission on oil and energy in the Iraqi Council of Representatives on Wednesday, the Ministry of Oil to activate their role in OPEC, commensurate with the role of Iraq's leading organization.

A member of the Furat al-Shara told the Kurdish news agency (Rn) that "Iraq's position in OPEC is weak and not at the level required to possess any ability to participate in the resolution, the world's oil."

He added that "the Commission on oil and energy parliamentary will host a holiday after the end of the legislative term oil minister, agents to discuss the promotion of Iraq's role in OPEC and activate his presence."

He added that "Iraq's role in the activation of OPEC provide him create a new global markets for the purchase of crude oil that Iraq intends to submit it to 3 million barrels per day, with the beginning of next year."

The oil ministry has declared the month of September / September last year that crude oil inventories in the country has 505 billion barrels of discovered fields that $ 66 oil fields, with total recoverable reserves of 143 billion barrels of oil.

Plans to increase Iraq's oil exports during the next six years to 12 million barrels a day, after obtaining the approval of the world's oil (OPEC).

The OPEC basket includes 12 types of crude oil is a mixture Algerian Sahara and Girassol Alanjulewalaarani Heavy, Basra Light of Iraq and Kuwait export crude and lotus Allibaopponi light Nigerian crude Qatar Marine, Arab Light Saudi Arabia and the UAE Murban and Mary and the Venezuelan Orient of Ecuador.



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