Winston
03-30-2011, 09:27 AM
Iraqi oil refutes report of the International Monetary Fund and confirm to raise production in the coming years
30/03/2011 16:42
Erbil, 30 March (Rn) - refuted and the Iraqi Oil Ministry on Wednesday, the IMF report, which reported the figures on the rates of production of Iraqi oil, indicating that the fund was based in his report to the news propagated by some of the media without reference to the oil ministry, depending upon information and news is not accurate, according to a statement issued by the ministry.
http://www.aknews.com/images/cms-image-000061999.jpg A statement by the Ministry of Oil which was obtained by the Kurdish news agency (Rn) a copy of it today, that the ministry's plan for the next four years are concentrated in the access rates of crude oil production to 6.5 million barrels per day in 2014 ".
The statement said, quoting Ministry spokesman Assem Jihad, Oil as saying that "the oil minister had reviewed earlier in the ministry's plan for the next four years to reach production in 2012 to 3.3 million barrels per day, up 2013 to 4.5 million barrels per day , while it is planned to reach production in 2014 to 6.5 million barrels of oil a day. "
He said the ministry's spokesman said, "This increase comes as the plan developed by the ministry, in coordination with national and foreign companies to reach the stated goal."
He added: "The minister does not mention the figures contained in the report of the International Monetary Fund, promoted by some of the media without reference to the oil ministry, and it seems it was based on information and news is not accurate."
With regard to export outlets, Jihad said, "The ministry announced a proactive plan to keep pace with expected increases in the rates of future production in the coming years, through the implementation of the biggest and largest project to increase energy Alkhoznip and export ports of the South in the history of Iraq's oil industry to reach out to commensurate with the rates of future production" .
"The power project includes the establishment of 24 Alkhoznip giant reservoir capacity exceeding 300 thousand barrels per day, and set up five floating platforms with a capacity of up to 900 thousand barrels per day for each platform."
"The project includes the extension tubes of marine reservoirs to ports of export, and this will flow high in Iraqi oil exports."
He pointed out that "The ministry made great strides in the implementation of this mega project, it is hoped the completion of the first phase of the project end of this year, stressing that" the reduction of the construction of the project, which usually takes 4-5 years to one year. "
He pointed out that "the project will double capacity to export this year up to 1.8 million barrels a day, and will be completed the second phase of the project next year," noting that "the increase in energy Alkhoznip will reflect positively on energy production, as well as storage and export, as well as the face of circumstances bad weather. "
He added by saying that "The oil ministry is keen on infrastructure development through the modernization of oil installations, both national effort or with the help of international companies specialized.
It is said that the International Monetary Fund questioned in a report published on Tuesday, in the capacity of Iraq's oil production of 13 million barrels of oil per day, citing Pthalk infrastructure and the inability to produce these levels of oil.
Wafa Zangana
30/03/2011 16:42
Erbil, 30 March (Rn) - refuted and the Iraqi Oil Ministry on Wednesday, the IMF report, which reported the figures on the rates of production of Iraqi oil, indicating that the fund was based in his report to the news propagated by some of the media without reference to the oil ministry, depending upon information and news is not accurate, according to a statement issued by the ministry.
http://www.aknews.com/images/cms-image-000061999.jpg A statement by the Ministry of Oil which was obtained by the Kurdish news agency (Rn) a copy of it today, that the ministry's plan for the next four years are concentrated in the access rates of crude oil production to 6.5 million barrels per day in 2014 ".
The statement said, quoting Ministry spokesman Assem Jihad, Oil as saying that "the oil minister had reviewed earlier in the ministry's plan for the next four years to reach production in 2012 to 3.3 million barrels per day, up 2013 to 4.5 million barrels per day , while it is planned to reach production in 2014 to 6.5 million barrels of oil a day. "
He said the ministry's spokesman said, "This increase comes as the plan developed by the ministry, in coordination with national and foreign companies to reach the stated goal."
He added: "The minister does not mention the figures contained in the report of the International Monetary Fund, promoted by some of the media without reference to the oil ministry, and it seems it was based on information and news is not accurate."
With regard to export outlets, Jihad said, "The ministry announced a proactive plan to keep pace with expected increases in the rates of future production in the coming years, through the implementation of the biggest and largest project to increase energy Alkhoznip and export ports of the South in the history of Iraq's oil industry to reach out to commensurate with the rates of future production" .
"The power project includes the establishment of 24 Alkhoznip giant reservoir capacity exceeding 300 thousand barrels per day, and set up five floating platforms with a capacity of up to 900 thousand barrels per day for each platform."
"The project includes the extension tubes of marine reservoirs to ports of export, and this will flow high in Iraqi oil exports."
He pointed out that "The ministry made great strides in the implementation of this mega project, it is hoped the completion of the first phase of the project end of this year, stressing that" the reduction of the construction of the project, which usually takes 4-5 years to one year. "
He pointed out that "the project will double capacity to export this year up to 1.8 million barrels a day, and will be completed the second phase of the project next year," noting that "the increase in energy Alkhoznip will reflect positively on energy production, as well as storage and export, as well as the face of circumstances bad weather. "
He added by saying that "The oil ministry is keen on infrastructure development through the modernization of oil installations, both national effort or with the help of international companies specialized.
It is said that the International Monetary Fund questioned in a report published on Tuesday, in the capacity of Iraq's oil production of 13 million barrels of oil per day, citing Pthalk infrastructure and the inability to produce these levels of oil.
Wafa Zangana