Abdul-Mahdi declared high oil production in the South and near a Kurdish delegation to Baghdad to agree on oil and gas law

Confirmed near ads Thi oil company Oil Minister Adel Abdul Mahdi, the need for large amounts of money and for the reconstruction and rehabilitation of the oil refinery town of Baiji, North of Tikrit, was produced about 300 barrels a day-after editing two weeks ago of terrorist gangs daash "revealing" the forwarding of the draft study establishing an oil company Thi to the Cabinet for discussion and approval. Mr. Abdul Mahdi, said in a press conference held Saturday in Dhi Qar Province, following the fourth coordination meeting with the provinces to discuss the powers of the oil wealth, "the oil industry suffered a great loss, Baiji alone khsaerth half Iraq derivatives add to sharqat, strainers and Tal Afar, as well as recent oil pipeline hit by sabotage." "We do not have accurate statistics to be up to experts and technicians to sabotage sites for estimating costs, but certainly you need the reconstruction and rehabilitation of large sums, it must get to the situation to estimate these losses."

Abdel Mahdi, "it controlled in other areas, the oil sector and promotes the production of southern ports now only companies in the Centre and South Approaching 3.8 million barrels per day, and this giant number parallels the historical rates when oil was in the 1970s makes steady speed. "Oil exports from the southern ports is now only" exception to the Turkish port of Ceyhan was "since June, with rates of 3 million barrels, and this record very much hope progress in addition to progress in gas, refineries, petroleum products distribution, despite the financial crisis and shortage and loss of Baiji but did not receive basic derivatives crisis." Oil Minister that "oil sector thanks to personnel directors is going well," opened Friday in Nasiriyah field new plants will produce only 100 thousand barrels of Nasiriyah, one quarter of this amount and this production record for the NDC ", stating" we're making progress in the Garraf, which produced approximately 104 barrels and strive to reach the peak and is 280 thousand barrels per day. " About Dhi oil company, Abdul-Mahdi said "soon we will bring good news to compatriots Dhi Dhi oil company, things are moving in earnest and the Ministry agreed to this topic and to transmit it to the Council of Ministers," adding that "the founding of a public company requires Cabinet approval, and there were some obstacles and have replaced all the human will be very close."

The "Dhi refinery giant and intended to have a capacity of 300 thousand barrels of oil a day, and it costs large sums", noting that "negotiations on the refinery complex refineries no longer entice me too much for investing and foreign companies, especially in the limited market As Iraq so to be support for this project, and we negotiate major companies believe that by the end of this year we'll get a clearer vision to move forward. "

"The refinery with his karmkod production of 300 thousand barrels per day and this number of insults", adding that "our negotiations with major corporations and the country needs the money, and it is an issue we must find solutions," pointing out "there are negotiations and alternatives to the latest capabilities and capacities of the Ministry of oil to do this project in cooperation with foreign firms with capabilities in this area."
He Abdul Mahdi to "work in other fields as the Garraf, the fields in the region could be a giant", stating that "there are attempts of ministries for companies to access the explorations and the reserve will see considerably allowing expansion of the extractions in Dhi Qar. Abdul-Mahdi spoke to the unemployment crisis, saying: "we must not imagine that the oil Ministry to address the issue of unemployment, which has become a big problem and serious, and did not believe that the Ministry is able to resolve this issue, the laws and financial capacity and economic viability is a challenge."

He noted that "the use of water or gas issues specialist, Ministry saw use water is better to increase the pressure in the machine extracted for our project of sea water is a primary project and now we're trying to get him to important stages to increase production, each barrel of oil requires a larger volume of water to increase the pressure almkenni, need water and resort to sea source basis because its waters are not implemented and therefore preserve water as Iraq's wealth." And about licensing contracts, "there are two teams, one finds that contracts are excellent and good but seen a higher price of $ 100, for example, and long will look its very rewarding and defended, there is another party believes it is incorrect and when prices are less than $ 100 Costs and profits with Siri subject frustrating and costly, so we have to get to the correct estimates experience today is 6 years old and the circumstance change, price changed and costs have changed and we need to review the costs of profits ".

The increased "financial shortage led to many projects and try to ندرء the shortage through many actions to maintain the momentum and that oil and gas production, mounting, and escalated and pumping wells Spike, all positive indicators other than oil prices and escalating this certificate despite low oil prices, other numbers escalate." And on oil and gas law, Mr. Adel Abdul Mahdi, "the absence of oil and gas law and the law on water resources has led to many problems not only for Kurdistan, but part of the discussions with the provinces because of the absence of the oil and gas law and a legal framework", stating that "in the absence of this law would be to agree budget and every year we have to make the agreement is limited to the budget law for the estimated quantity that can be delivered to the Federal Government versus the amounts received for the territory".

He disclosed that "a high-level delegation from the territory will come these days to put these arrangements in the agreement, expressing hope that" puts the agreement in 2016 more precise mechanisms balancing mechanisms developed by the 2015 budget agreement.

Abdul Mahdi elaborated that the meeting with the provinces discussed today "important matters concerning local employment, employment offices and committees and social benefits, and special situations for each province and the issue of security and protection of oil installations and the role of the provinces and with respect to the taboos and the role of investment, and to refineries and investment." The "axes of research has been on the issue of employment offices, social benefits and the transfer of powers and terms of appointment and control of staff in the provinces, and investment issues and taboos, and the security situation, and we stopped in a serious legal and factual, financial, contractual and there was in-depth research in this aspect."

"The discussion was frank and direct and serious, and we agreed on the tools and mechanisms to resolve problems or proceed with the achievements we have reached these issues, and I think that these meetings become a necessity and we want to continue this institutional situation." "There are laws and practices do not exist already today we must overcome, and do not want to judge the abuse through a paragraph or article, and don't want the provinces to be on the corner or the position of vulnerability ministries exercised power for a long time," he said, adding that "the exchange of information is essential.