Contracts of international oil companies doubled the size of the reserve

[yota691]

Contracts of international oil companies doubled the size of the reserve

4/16/2017 0:00    Baghdad / Emad emirate 's  most concerned with the oil industry that Iraq agreed need to help foreign companies to promote the oil sector, and reduce the gap with the world to move away Iraq from the scientific and technical progress in this area for several decades, Maistojb rehabilitation and training of national cadres through friction with foreign companies  economic academic d. Ali Albiermana pointed out that Iraq 's possession of oil reserves, which indicates a promising future for Iraq 's oil industry, which requires the development of this economic joint is important and create an attractive environment for capital advanced international companies that promote the production and create manufacturing industries supporting the national economy and between Albiermana in an interview with the "morning "the reason for the increase in oil reserves came through discoveries that came from foreign contracted to work in Iraq companies long - term service contracts with the oil Ministry, noting that this reserve and declared the last installer excluded the Kurdistan region.  Despite these large reserves , but the volume of production in Iraq if compared with the countries of the world is low as it comes the thirteenth in the world rank, and it is hoped to increase the volume of production in the coming years as a result of the work of companies.  Talking about the future of Iraq 's oil policy requires consideration to the size of proven reserves of oil rose to 143 billion barrels , according to the statistics of the Ministry of Oil in 2010.  Albiermana explained the importance of the future oil policy in Iraq has focused on the strategic conceptual framework for the fact that the oil source of the only president of income in the country and this is the case, as oil contributes more than 93 percent of the imports of the state budget, stressing the need for the national oil industry management remain under The federal government 's control and be the Ministry of oil is the only body authorized to manage the industry.  And the importance of the use of foreign companies to develop oil possibilities When it must move away from a formula involved in the production and use of contractor contracts that have already been applied by Iraq, or service contracts that give companies a fixed amount per barrel of product, and is committed to foreign companies in exchange for providing the necessary funds for exploration and development of fields yield.  The restoration of Iraq 's share of production in the (OPEC) provided that the production processes more than Iraq 's need for hard currency to meet the construction and reconstruction supplies, and then interest and expansion programmed manufacturing industry and be of interest also to industry extractive because they provide the industry to maintain a total value added for the project and we mean (wages, profits, rents, quality).  He concluded Albiermana his reference to the need for the rehabilitation and development of national cadres by identifying the last - edge technology in the field of oil energy and work to involve these cadres in the work of foreign companies in order to give it the necessary for the management of the oil industry in the future experience, interest in investing natural gas and tender top priority commensurate with its economic importance , especially since Iraq is ranked tenth in terms of gas reserves in the world.

[Big_J]

3 hours ago, yota691 said:

Iraq 's need for hard currency to meet the construction and reconstruction supplies,

GM YOTA AND DV.