Exploration Licensing Round for Oil and Gas May Include the Western Region
|January 5, 2011||Filled under Uncategorized|
By Mandy Samira- In the context of Iraq sought to increase production and oil exports, announced that Iraq’s oil minister, Abdel Karim coffee that his ministry is preparing to launch a licensing round in fourth in front of foreign companies to invest in 12 locations to explore oil and gas, without specifying the names of these sites, but oil experts expect that these sites in the region Bank.
Oil Minister’s remarks came during a press conference held Sunday, which he announced that Iraq’s oil production, crude is now more than 2.0007 million barrels a day thanks to the efforts of large national companies and foreign companies investing in oil fields.
The minister expected to increase Iraq’s oil exports also two million barrels per day by the end of the month of January.
The spokesman of the Iraqi Oil Ministry, Asim Jihad Speaking to Radio Free Iraq that the ministry is looking forward to up oil production to 10 million barrels per day in the coming years, and expected to increase oil production to 3 million barrels by the end of 2011.
Jihad and attributed to increased production of joint cooperation between the national and international companies, especially in the fields of Zubair and Rumaila, where companies have a 10% increase in less than a year.
Oil Minister Abdul-Karim defect announced his ministry’s intention to launch a fourth round of licenses as part of its new plan, and will explore the process of excavating the sites not in a dozen locations in the country.
The spokesman said the oil ministry that the ministry will announce the names of these sites as soon as you finish the preparation of the study on the launch of the fourth round of exploration licenses.
Oil expert Farouk Mohamed expected to include the fourth licensing round sites has never been the oil or gas exploration and in the western region of Iraq.
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