Oil: Iraq exported more than 3 million barrels from the southern fields

01/31/2016

Oil: Iraq exported more than 3 million barrels from the southern fields
Baghdad / term-Presse
Oil Minister Adel Abdul Mahdi, on Saturday, for the production of three million and 700 thousand barrels of oil per day with the exception of the northern fields, until the 24 of the month of January, and expressed his ministry's readiness to cooperate with any resolution calling for a reduction of production, and stressed the importance of reviving the company National oil again, while stressing the need for the company to be of the people and to be every citizen shares the N inheritable.
The Iraqi Oil Minister Adel Abdul Mahdi predicted, on Tuesday, the (26 January 2016), the rise in world oil prices to $ 50 per barrel in the second half of the year 2016, as warned of a "coup in the world's oil and rising violent and sudden market" If we continue to significant decline in crude prices and stop investing in many regions of the world.
Adel Abdul-Mahdi said during a seminar at the Oil Cultural Centre in the capital, Baghdad, and followed up (range Press), said that "Iraq was prepared to accept any decision by OPEC producing countries and other non-OPEC calls for reducing the production of crude oil," noting that "Iraq will agree and cooperate if the producers really want to cooperate in order to reduce production. "
Abdul-Mahdi said that "oil exports from Iraq's southern fields averaged 3.324 million barrels per day until the 24th of the month of January," he said, adding, that "the production rate of up to 3.7 million barrels per day, with the exception of the northern fields."
The Minister of Oil on the importance of reviving the national oil company of the new, while stressing the need for the company to be of the people and to be every citizen shares the N inheritable.
And between Abdul-Mahdi he said that "there is a near agreement within the oil sector, the government and Parliament on the importance of returning to the revival of the national oil company," stressing the need to "be the company's oil and gas is not limited to oil."
Abdul-Mahdi said that "the revival of this company does not mean cancellation of the duties of the ministry in this sector, but there will be follow-up and supervision of the company," adding, "We have seen the establishment of a lot of oil companies such as Basra oil company that has been able successfully to manage oil fields in rural, south and achieved a rise in production ".
He said the oil minister, "We are in the preparation of this company and an important stage that have goals and to realize", stressing the need that "the company be owned by each of the Iraqi people, and each citizen shares the company N inheritable."
He continued, "there should be an organization of provincial rights in this company and that there is a fair distribution according to population ratio."
It is worth mentioning that it has been established national oil company in the sixties of the last century and is a competent company to develop oil fields and oil production, before being abolished in the early eighties of the same century.
It is noteworthy that world oil prices Tsgela a continuous decline since the second half of 2014, until it reached $ 28 per barrel, but returned to rise slightly as reported, on Tuesday, the (January 26 2016), to $ 30.78 a barrel.
It is noteworthy that Iraq complain of weak financial revenues due to declining oil prices and increased expenses, which the military side came on her head, what made the government resort to austerity as one of the solutions adopted to meet the country's economic situation started.

Link