Maliki: Iraq's proven gas reserve is 112 Trillion Cubic Feet

[k98nights]

Maliki: Iraq's proven gas reserve is 112 Trillion Cubic Feet 01/07/2013 21:53:00  

Baghdad (NINA) – Prime Minister Nuri al-Maliki said that Iraq's proven gas reserve is 112 Trillion cubic feet, ranking it the 12th in the World.

In a speech at the opening of the 2nd Summit of the Gas Exporting Forum, being held in Moscow, Maliki said that Iraq's probable gas reserve is estimated to be about 170 Trillion cubic feet.

He added that for the last 80 years, Iraq is been an oil exporting country; in Baghdad the on 1960 The Organization of Petroleum Exporting Countries was established in Baghdad.

Maliki went on saying that the Iraqi Government is carrying out an ambitious program to develop Iraq's oil and gas sector, through cooperating with the World's leading companies. As a result Iraq's proven oil reserve increased up to 150 billion barrels, accompanied with an increase in the gas reserve; and gas production exceeds local consumption

He added that among the Government's priorities is to take care of gas production, being a national wealth and an environmental friendly product, as well as a source for establishing strategic industries, such as petrochemical and fertilizers' industries.

Maliki stressed that Iraq's views agree with the views of the Forum of Gas Exporting Countries in the importance of the increased importance of gas and the desire to guarantee its supply to stabilize the international market, as well as environment friendly energy and scientific and technological progress. / End.

 

http://www.ninanews.com/english/News_Details.asp?ar95_VQ=GIJKII

[dontlop]

thats good . net assets  are good its like having a job when applying for a loan . your income potential has alot to do with how much you can get ..

 

with iraqs 25 trillion in oil and gas only net reserves .. they should be good to go ..for what ever  they want

[sandfly]

THATS GOOD

[Christisking]

First post been lurking for a little over a week.

Why in the world does he care about the environment over there. It's a desert and things don't grow in the desert.

It kind of reminds me of a Sam Kinison skit. This is sand we have desserts in America we just don't live in them! Something to that effect.