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The oil minister expects to add new quantities of "hydrocarbon" wealth to Iraq’s reserves


yota691
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3 hours ago, ladyGrace'sDaddy said:

Thank God  this is in the southern part of Iraq, because if it was in the North we would have to listen  to Barzani crying for the next 10 years about how they don't get their fair share.

AMEN TO THAT!

AND INDEED!

Perhaps this could be the impetus for him to TAKE THE MONEY AND RUN!

Edited by olivesman
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THURSDAY, FEBRUARY 23, 2017

Iraq plans to explore 300 billion oil barrels, MP

 
7:24 AM  ADMIN  

 

mahdi_al_hafidh_0601009.jpg
Baghdad/ Iraq TradeLink: Member of the Iraqi Parliamentary Oil  Commission Mehdi al-Hafhid disclosed that there are plan to explore more than 300 billion barrels of oil to be added to Iraqi national reserves.

 
On 19 February, 2017, Iraqi oil minister announced the increase in Iraqi oil reserves to reach 153 billion barrels.

 
 

 

 
Posted in: Baghdad,Economy
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27-02-2017 03:56 PM
image.php?token=c714e9da8dae81446dba6d9ea9811b42&size=
 


 

 

Face Oil Minister Jabbar Luaibi, on Monday, an increase of gas reserves and conduct exploration for oil reservoirs border. 

Allaibi said, it is ' the face of increasing gas oil reserves of Iraq by conducting studies and seismic surveys for exploratory patches in the Iraqi territory and territorial waters'. 

He stressed the 'need to focus on exploratory studies of oil fields and reservoirs border with the neighboring countries to determine the overall estimates for these fields for Iraq'. 

The Allaibi, that ' the face of the OEC to the importance of going out of the territorial waters to determine the hydrocarbon reserves and to enhance the ability of Iraq and economic status regionally and internationally, as well as the great interest in exploration projects for the fields of gas to increase Iraq 's reserves of gas rates, which Iraq possesses huge amounts of it.'

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CNN. Broadcasting On A Floating Inner Tube With A Beer 10 Feet Off Of The Iraqi Coast !

 

 

TO PROMOTE THE RESERVE .. IRAQ PLANS TO "EXPLORE OIL AND GAS AS "OFFSHORE 

 BAGHDAD / Oil Minister Jabbar Luaibi on Monday that Iraq plans to start oil and gas exploration in the offshore fields to strengthen the .country's reserves Allaibi said, in a statement, said that the face of oil exploration company, "the importance of territorial waters out to determine the hydrocarbon reserves and to enhance the ability of Iraq's economic and ".position regionally and internationally Iraq had announced last week to increase its oil reserves to 153 billion .barrels from 143 billion barrels in the previous estimates Iraq boosted production rapidly in recent years with the help of foreign oil companies to become the second largest producer in OPEC after .Saudi Arabia At the end of November, Iraq agreed to participate in the OPEC .agreement to cut global supplies to contribute to raising the price of oil 

http://babil24.com/ar/details......9%8A%D8%A9

 

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2 hours ago, DinarThug said:

CNN. Broadcasting On A Floating Inner Tube With A Beer 10 Feet Off Of The Iraqi Coast !

 

 

TO PROMOTE THE RESERVE .. IRAQ PLANS TO "EXPLORE OIL AND GAS AS "OFFSHORE 

 BAGHDAD / Oil Minister Jabbar Luaibi on Monday that Iraq plans to start oil and gas exploration in the offshore fields to strengthen the .country's reserves Allaibi said, in a statement, said that the face of oil exploration company, "the importance of territorial waters out to determine the hydrocarbon reserves and to enhance the ability of Iraq's economic and ".position regionally and internationally Iraq had announced last week to increase its oil reserves to 153 billion .barrels from 143 billion barrels in the previous estimates Iraq boosted production rapidly in recent years with the help of foreign oil companies to become the second largest producer in OPEC after .Saudi Arabia At the end of November, Iraq agreed to participate in the OPEC .agreement to cut global supplies to contribute to raising the price of oil 

http://babil24.com/ar/details......9%8A%D8%A9

 

Thanks Thug.  They are leaving no stone or seashell unturned.    

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Iraq boosts its capabilities exploratory

 

 

   
 

 
 


2/28/2017 0:00 

After the relative improvement in oil prices 

Baghdad / follow-up to the morning
Iraq plans to determine the hydrocarbon reserves through seismic surveys for exploratory patches of oil fields and reservoirs border in Iraqi territory and territorial waters, so as to enhance its ability and economic status regionally and internationally. 

Middle of this picture Oil prices rose and headed the market for high amid signs of an easing of the global supply glut but rising US oil production rather than  
gains. 
And instructed Oil Minister Ali Jabbar Hussein Allaibi need to work on increasing the invading Iraq 's oil reserves by conducting studies and seismic surveys for exploratory patches in Iraqi territory, water  and 
regional. 
The minister stressed in a press statement on the need to focus on exploratory studies for the fields and oil reservoirs border with the neighboring countries to determine the overall estimates for these fields for Iraq, as well as the great interest in exploration projects for the fields of gas to increase the Iraqi reserve rates for the gas that Iraq possesses huge amounts  of 
it. 
On the other hand , he said Director General of Karim Hattab , the explorations of oil his company got a global "ISO" quality certificates for its commitment to technical standards and techniques in accordance with international standards. 
He also noted Hattab that the company used for the time being the latest artistic techniques in conducting seismic surveys through triangular surveying and binary systems dimensions, especially as the business carried out by the Company in Basra, Missan, Samawa and Nasiriya which added huge amounts of inventories Alhaadrokarbone in the fields (Dima and Sinbad and Laredo and Fayhaa), as well as the future plans for the company aims to boost its activities outside  the 
country. 
In a related context , oil prices rose and headed for the market to rise, as the global London Brent crude jumped 0.7 percent to $ 56.39 a barrel, while WTI has increased the US median 0.6 percent to $ 54.31  
a barrel. 
But the market remained supported in a narrow range between four and five dollars since November , when the scope of approved Organization of Petroleum Exporting Countries (OPEC) and independent producers to reduce production. 
The Energy Information Administration showed a rise in US inventories data 564 thousand barrels to 518.7 million barrels the week  
past. 
The record level of commitment to an agreement on the part of (OPEC) , a surprise for the market, after Iraq and the UAE pledged to at least share in the reduction of access to the levels of commitment that they have made. 
And estimated the International Energy Agency 's commitment ratio (OPEC) at a record high of 90 percent in December  
Two.

 

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12666.jpg
   
Economy News / Baghdad ...
 
 
 
The Minister of Oil Jabar Luaibi, today announced the intention of Iraq to start oil and gas exploration in the offshore fields, directed at oil exploration company to increase the country's gas reserves.
 
According to a ministry statement, "Economy News" received a copy of it, the face of Allaibi oil exploration company out of the territorial waters to determine the hydrocarbon reserves, in order to "enhance the ability of Iraq's economic and prestige regionally and internationally."
 
The ministry announced last week, increasing the country's oil reserves to 153 billion barrels from 143 billion barrels in the previous estimates.
 
It is noteworthy that Iraq's gas reserves of 131 trillion cubic feet of natural gas, with a total reserve of associated gas 98.3 trillion cubic feet, representing 75% of total reserves of natural gas. The total reserves of free gas is 32.7 trillion cubic feet, representing 25% of the country's gas reserves. Thus, Iraq is ranked eleventh in the world.
 
 
 
mm
Views 19   Date Added 02/28/2017 - 10:27   Last updated 02/28/2017 - 14:26   No. Content 6808
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9 hours ago, Golfnsr said:

I just want to get some return on my 'Dinar Investment (?)' soon, very soon.

I get real tired of all this damn 'noise'!

I completely understand what you are saying but I purchased my first round of IQD in late 2004...patience my friend...patience.

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03/01/2017 (00:01 pm)   -   the number of readings: 248   -   the number (3865)
 
 
Iraq's oil reserves hard to rise to 153 billion barrels and 15 billion on the way



 Baghdad / Zahra al-Jassem 
 

It seems that the discovery of more large oil - oil inventories in recent times, has given a boost to the oil ministry in order to expand patches exploratory extending to the territorial waters, after the directives of the Minister of Oil Jabbar Luaibi recently carried out studies and seismic surveys of patches exploratory in Iraqi territory and territorial waters. 
 While confirming the Oil Ministry, in the words of its spokesman, said Iraq balance of fixed stock now 153 billion barrels, and are subject to increasing the amount of about 15 billion barrels , the beginning of next year, experts in the field of oil describe this ministry step to "correct, stressing the importance of increasing the board exploratory to include the territorial waters, the usefulness of this step is positive on the Iraqi entire economy and its repercussions. , 
ministry spokesman Assem Jihad said in an interview (range), that studies and surveys and forecasts point to a Hyderukarboneh wealth in the territorial waters, and that Iraq will work to revitalize the activities of oil exploration techniques and mechanisms developed in order to stabilize oil reserves and gaseous, and limit the expected quantities in order to invest in the future. 
the attention of jihad to studies that show the presence of oil wealth and gas in the territorial waters, posing Add the oil reserves, says that Iraq did not discover only a very small amount of his fortune hydrocarbon in the ground , stressing that the oil Ministry is working to intensify efforts in this regard in order to convert the reserve is the installer to installed. 
he said Jihad , as happened in the past few days, Iraq added 10 billion barrels to proven reserves , which had 143 billion barrels, bringing the now 153 billion barrels . Explains Jihad , he has added this amount by drilling seven wells in Basra and other areas in the south, an amount may be added also have up to $ 15 billion early next year, and points out that the expectancy is up to more than three times the current balance, and that 's what makes him says: so expand exploration operations during the coming period, and the oil Ministry are working on through the formation of teams and seismic oil exploration company, will transform us expected the reserve to fixed reserves through more wells. 
The ministry has worked at the same time, he says their spokesman, to intensify work in the marshes, where proven exploration and geological existence of large amounts of wealth hydrocarbon in this region, as well as what is in the territorial waters, which is adjacent marine areas to neighboring countries where intensify Iraq activity exploratory tally to enhance oil and gas reserves. 
In turn , says oil expert Hamza Jeweler: With the waters in the Gulf , a small space, but it is very rich and the reason that there are near gas fields such as Ciba field, and joint field between Kuwait and Iran, and perhaps is common with Iraq , too, but we now have are not available surveys show what if this was his field extensions in Iraq. 
He adds Jeweler in an interview (term) that Iraq is now in dire need of gas, and there are important to increase the area of exploration for its natural resources to include the territorial waters, saying: Thus, any step for the oil ministry for the promotion of these explorations is a step in the right direction. 
And sees economic expert , Dr. Ahmed Rehn: the expansion of explorations into the territorial waters is normal, he is working with all nations to explore its territorial waters, and there are usually explorations preliminary estimate of reserves of oil and gas, and Iraq needs this process to estimate its reserves of oil and gas . 
Confirms Rehn, speaking to the (range), the geological structure of Iraq likely to find more gas reservoirs, oil ,, and is hoped to be completed this exploration is necessary to estimate the reserves, being an order whatever is in the interest should the Iraqi economy, says that every country in the world need information what there is in the home run of natural resources such as gas, oil and other minerals, and Iraq needs sufficient information on the geology of their land and what they store, the fact that these resources enhance its economy and raise its oil reserves, also said such steps are necessary measures to complete the data for oil and gas deposits in Iraq base whether in the home or in its territorial waters. 
The director general of the Oil Exploration Company Karim Hattab had said earlier, that the company used for the time being the latest artistic techniques in conducting seismic surveys through triangular scanning and two - dimensional systems, has carried out several actions , including in Basra and Missan, Samawa, Nasiriyah , which led to Add amounts large inventories of Alhaadrokarbone especially in Dima and Sinbad and Laredo and Fayhaa fields. 
Only been a survey of 10% of the area of Iraq for deposits of oil and gas, with estimated reserves is installed across the country to 215 billion barrels of oil, and this is something that creates great opportunities for international investors who seek to enter the Iraqi oil and gas market through the tender announced by the Ministry of Oil rounds. 
Iraq needs the investment of $ 15-20 billion dollars for the construction of four new refineries and the expansion of the energy sector.

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On 2/28/2017 at 5:06 AM, ladyGrace'sDaddy said:

Now ya just gotta wonder, do they mean,"oil reserves", or "CBI reserves". 

lol good one lgd, i think its one in the same. all oil sales go to the cbi reserves. And lets not forget that in 2013 the imf says that you can now count reserves that have not been excavated as long as they have the geographical survey to back it up. So i think Iraq's  oil and gold backed dinar just got a huge boost. ;)

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  • yota691 changed the title to The oil minister expects to add new quantities of "hydrocarbon" wealth to Iraq’s reserves

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