Economic Commission: Iraq will be linked to global oil markets is directly related to the fact that oil production is increasing than in the previous
A member of the Economic Commission Resan MP Abdul-Hussein Iraq's ability to produce more than (10) million barrels of oil per day and will have an active role of world oil prices.
The Resan in a statement that Iraq could be up to the production of (10) million barrels of oil per day during the coming years and this number is normal for him, he owns oil fields, large and tours licenses with large international companies, solid addition to the projects are to improve the Iraqi oil.
He guessed Resan: that Iraq shall have the primary role and the actor in the international oil markets in the coming years which will make it controls the oil prices by pumping oil to the markets or by reservation.
He added it is hoped to arrive in Iraq's production of oil during the next biennium to (6) million barrels per day and this is what gives a great motivation and a positive sign that the Iraqi economy is strong and no fear of it.
The Resan that Iraq will be linked to markets, the world's oil is directly related to the fact that oil production is increasing than in the past, pointing out: that Iraq had its share of export of oil in the rate of production volume and sales, where the share of fixed year (1988 to 2000).
Noting that the IMF report on oil and gas have indicated that Iraq possessed of oil amounted to 143 billion barrels of reserves have been identified (200) million barrels could be extracted from the others and will lead the forces of Iraq's vast oil states can influence the global markets
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