Shahristani: oil exports will exceed 3 million barrels a day after the opening of the 4 ports of floating Gulf 2012

04-10-2011 | (Voice of Iraq)-Amrita

Deputy Prime Minister for Energy Affairs Hussain Shahristani, Tuesday, that Iraq would raise the rate of oil exports next year to more than three million bpd after the opening of the four ports of floating Gulf, asserting the existence of a plan to increase their exports through new outlets, with fluctuating up the country's productive capacity by 2017 to 12 million barrels.

Shahristani said in an interview for "news", that Sumerian "according to the schedule this year will be producing units to service their respective capacity 900,000 barrels a day would add a million and 800,000 barrels for export, before the middle of next year will be two other total alleviated new ports floating around three million and 600,000 barrels per day", stating that "the four ports will be floating in the Northern Gulf".

Shahristani said "a plan to begin to create other update ports floating ports of Basra and al-Amayah oil, as well as building new lines across the Mediterranean and increasing power through the Turkish line and extend over line via Syria."

Maybe Shahristani "access production to 12 million bpd production capacity in 2017, and that energy equivalent to or greater than the largest exporters, Saudi Arabia and Russia", pointing out that "presumably work started with this command."

Shahristani said that "the question of how Iraq will produce such energy and issued depends on the oil market," he said, adding that "Iraq has a strategic policy not based on maximizing export and dumping but maximizing revenues".

Shahristani said that "Iraq will be discussed with the OPEC oil export share topic if its production to four million barrels per day".

Observers say lifting of Iraqi oil production and thus creating more refrigerators for general budget in the country without bringing real investments for the development of agriculture, industry and communications might remain Iraq State rents unable to create a diversified economy, which had criticized the country's economic policy over the past decades.