Prince released a new book on Iraq's oil and Budget

January 6th, 2016

Baghdad's new morning:

Issued engineer and expert in natural resources Fouad Qassem Prince a new book entitled «and oil prices, the Iraqi general budget of shale oil» The book is 308 pages from the House tomorrow for printing and publishing Baghdadi within their versions of the 2016 and trading oil regard globally and Iraqis.
And we draw the attention of the reader that we are in the «New Morning» has published some of the first chapter rings before the book was published, and we will continue to deploy the rest of the book.
The book includes the first two studies titled «The price of oil shale oil public and the Iraqi budget», published on the Web early November 2015, The Prince them made some minor changes and added new chapters looking at the relationship between the Kurdistan Region and Iran, and the licensing rounds and their relationship to the general Iraqi budget , and also added some information that have to do Eduard study, the author has been noted in the introduction: Note that all corrected or added does not change the results of the study, but rather reinforces what we have reached.
The second study, which was included in the book, they are entitled «Notes on the study of losses and wastage in the oil sector», have been issued in the month of June 2015, which is an answer to a study issued by the «Research and Iraqi Studies Center» of five pages, in May 2015, and signed of MP Adnan al-Janabi, and entitled «losses and wastage in the energy sector.»
He noted the Prince to the importance of research done for «rocky oil» which was the first chapter of the first study, where research covered the technical aspects of its impact on production, export and pricing of other conventional oils, especially crudes Middle East, and focus on the impact of shale oil in the oil market.
He revealed the prince in his study of the fact «that do Arabia flooding the oil market did not stop the rock oil production to rival Saudi Arabia's oil crudes other exporting countries, but also a political reason, a lecturer so what was done in the late eighties of the last century when brought oil prices to less than $ 15 a barrel in order to destabilize the Iraqi and Soviet economies. What you do today is to undermine Iraq, Iran and Russia economies. »
Author and student in the need to take the second chapter of Petroleum Exporting Countries members of the Organization of Petroleum Exporting Countries «OPEC» or outside of procedures to reduce production, to reduce the level of the supply of crude in the market and thus control of the low oil prices.
The Prince had addressed in this chapter which was titled «supply and demand in the global oil market and the Iraqi oil» supply and demand level and its impact on the global oil market, and the low prices as a result »satiety» which exceeded four million barrels per day.
They discussed the budgets of 2015 and 2016 and to discuss the amounts that must be handed over to the Kurdistan region of oil to the Federal Government for export by the oil marketing company «Sumo».
The study in this chapter as well as on the role of government in the region «undermining the ongoing relationship with the federal government» and continuation of the so-called «independent export» which is practically the smuggling of Iraqi wealth led and lead to a significant and sustained damage to the Iraqi people and inclusive of the Kurds.
And the title of Professor Fouad Prince Chapter III b «What is required» was among the what should take place «by the House of Representatives and the federal government, with respect to the oil in the budget of 2016, and the method of work on the increase in oil prices in cooperation with the exporting countries».
And display the copyright in the second study confirmed the purpose of the submission of this study as «an attempt to end the subject of« privatization »of Iraqi oil through the promotion carried out by the Government of the Territory, and some politicians and stakeholders oil affairs of the Iraqis, for decades, Post production, especially after the problems suffered by Iraq as a result lower oil prices, and took advantage of «some» of these problems to the call to switch technical service contracts to production sharing contracts, instead of the call to negotiate with companies to improve their technical service contracts ».