Iraqi News Oil minister: Iraqi abilities postponed 3rd round licenses

[k98nights]

2/2/2010

Oil minister Hussein al-Shahrustani affirmed that limited exporting abilities for Iraq postponed the 3rd round of oil licenses.

He added, during awarded with Economic Distinguish Shield, that Iraq considers balance of international market in order to keep fair prices, he marked to the proper contracts signed with international companies, especially their period of six years. He mentioned that many countries reserves are running out.

Minister expressed happiness with the establishment of economic media center, and called to develop the center activities, and capabilities to promote and train media staff.

http://www.nmc.gov.iq./english/lnews_e/2010/2/2_4.htm

[Matt]

What does this mean???

Iraq To Be Top Oil Producer in 6-7 Years

PUKmedia 31-01-2010 12:51:56

Iraq will become the world’s largest oil-producing nation in “six or seven years”, according to oil minister Hussain Al Shahristani.

The official told Reuters that Baghdad is seeking to raise capacity to 12 million barrels per day (bpd) in that timeframe, which he believes will help the country negotiate its future oil quotas with OPEC.* “We can’t find a reason to prevent Iraqi production becoming higher than any other OPEC state or even states outside OPEC,” said Al Shahristani.* “We expect that to happen in the next six to seven years with co-ordination and agreement with other OPEC producers,” he said.

-arabianbusiness-

http://pukmedia.com/english/index.php?option=com_content&view=article&id=958:iraq-to-be-top-oil-producer-in-6-7-years-&catid=1:economy&Itemid=389

[kordan80]

postin to get into chat

[cinnibuns]

hope this dosent mean we have wait another 6-7 years for rv :