Shahristani: our study of the global oil market has made us step back from the third round of licensing
Center for Economic Information
Oil Minister Hussain al-Shahristani said the ministry was in the process announced a third round of licensing, but the case study of the world oil market and bear market for larger quantities of crude oil accounts for the future, the ministry has declined the idea
Shahristani said when he received the shield granted by the Center of Economic excellence the Ministry and the media spokesman for their role in Iraq's acquisition of full membership in the organization Transparency Initiative Extractive Industries International as the first Arab country and the first Third World country to obtain this membership "The purpose of the ministry through two rounds of licensing not only increase production but nappy on a balance of the global market to ensure the marketing outlets and fair prices for oil in addition to that the increase should be commensurate with the capabilities of Iraq's export through local ports, pipelines, all of this has prevented a third round of licensing
He pointed out that the pattern of the contracts signed by Iraq with international companies is a service contract prices are more than perfect, and precedent in the oil industry in addition to the short period of time to complete the work within 6 years, a record time for this scale of development
The minister noted that the total volume for the production of the fields during the two rounds of licenses will 11 million and 300 thousand barrels almost added to the existing production rates essentially in isolation from the development processes handled by the ministry, which will include the fields did not fall within the tour, which will make the total production exceeding 12 million barrels, much in the past the next six
He pointed out that this increase will come in parallel with the global increase of energy demand and depletion of some of the reserves of many countries in the world, as producers often stretch the reconstruction of its oil fields to 30 years on average, which makes many of them in their old age now
Speaking of the economic information minister said that the need to phase requires upgrading flags to be in line with the economic changes and the level of media interest in the event by expressing specialized economic ministry's readiness to support the training of journalists on the economic aspect, particularly with regard to the economic information oil
It was agreed to hold joint training sessions for the media between the Ministry and the Center
Shahristani was pleased the emergence of a center for economic affairs of the media that this jurisdiction in the country near sunset, calling to continue the development work of the Center and increase its effectiveness in the training of cadres and the development of media
It is said that the Center of Excellence Shield granted annually to the economic institutions that have achieved a breakthrough and was the first shield has been granted to the oil ministry for its success in Iraq's acquisition of full membership in the organization Transparency Initiative Extractive Industries International, the first Arab, and completion of the third world countries in spite of high rank, which is occupied Iraq in the classification of corruption published by Transparency International
In addition to granting the ministry spokesman Asim Jihad shield for his role in Iraq's acquisition of the membership through positive engagement with the media in regard to the work of the ministry Masaad that Iraq had obtained membership
http://translate.google.com/translat...52&sl=ar&tl=en
Center for Economic Information
Oil Minister Hussain al-Shahristani said the ministry was in the process announced a third round of licensing, but the case study of the world oil market and bear market for larger quantities of crude oil accounts for the future, the ministry has declined the idea
Shahristani said when he received the shield granted by the Center of Economic excellence the Ministry and the media spokesman for their role in Iraq's acquisition of full membership in the organization Transparency Initiative Extractive Industries International as the first Arab country and the first Third World country to obtain this membership "The purpose of the ministry through two rounds of licensing not only increase production but nappy on a balance of the global market to ensure the marketing outlets and fair prices for oil in addition to that the increase should be commensurate with the capabilities of Iraq's export through local ports, pipelines, all of this has prevented a third round of licensing
He pointed out that the pattern of the contracts signed by Iraq with international companies is a service contract prices are more than perfect, and precedent in the oil industry in addition to the short period of time to complete the work within 6 years, a record time for this scale of development
The minister noted that the total volume for the production of the fields during the two rounds of licenses will 11 million and 300 thousand barrels almost added to the existing production rates essentially in isolation from the development processes handled by the ministry, which will include the fields did not fall within the tour, which will make the total production exceeding 12 million barrels, much in the past the next six
He pointed out that this increase will come in parallel with the global increase of energy demand and depletion of some of the reserves of many countries in the world, as producers often stretch the reconstruction of its oil fields to 30 years on average, which makes many of them in their old age now
Speaking of the economic information minister said that the need to phase requires upgrading flags to be in line with the economic changes and the level of media interest in the event by expressing specialized economic ministry's readiness to support the training of journalists on the economic aspect, particularly with regard to the economic information oil
It was agreed to hold joint training sessions for the media between the Ministry and the Center
Shahristani was pleased the emergence of a center for economic affairs of the media that this jurisdiction in the country near sunset, calling to continue the development work of the Center and increase its effectiveness in the training of cadres and the development of media
It is said that the Center of Excellence Shield granted annually to the economic institutions that have achieved a breakthrough and was the first shield has been granted to the oil ministry for its success in Iraq's acquisition of full membership in the organization Transparency Initiative Extractive Industries International, the first Arab, and completion of the third world countries in spite of high rank, which is occupied Iraq in the classification of corruption published by Transparency International
In addition to granting the ministry spokesman Asim Jihad shield for his role in Iraq's acquisition of the membership through positive engagement with the media in regard to the work of the ministry Masaad that Iraq had obtained membership
http://translate.google.com/translat...52&sl=ar&tl=en