The future of Iraq's oil

[patriotic party girl]

Baghdad / follow-up to the editor ..

يمIraq has ambitious plans to increase production capacity from 2.5 million bpd to 12 million barrels per day during the past six or seven the next, but analysts are skeptical and say that the production of between six and seven million barrels per day, a more realistic target.

Even this target would give Iraq more weight in OPEC, which is currently dominated by Saudi Arabia's largest oil exporter in the world and leads to the kind of difficult negotiations within the organization on the level of Iraq's production.

ول. For the Kurds, who have been observing oil contracts and described Baghdad as unconstitutional, the Oil Minister Hussain al-Shahristani is the first enemy. . Said energy analyst Samuel Chizuk in any. HP. S "seems to guarantee the continuation of al-Shahristani, from the viewpoint of companies that invest in southern Iraq.

وThere is an ongoing dispute between the central government and the Kurdish region months ago on the deals signed by Kurdistan with foreign oil companies. وقاHe said al-Shahristani has repeatedly said that these contracts are illegal.

و Kurdish officials are hoping for a breakthrough during talks on forming a new Iraqi government, leading to an agreement to make payments for the companies and the resumption of exports from their region.

. The al-Shahristani has said that he expected production ceiling of not less than Saudi Arabia accounts for more influential members of the organization. وا And relieved in Iraq Allanth quota system that brought him to determine the level of OPEC supply in the market because of the consequences of war and sanctions. ومعWith the start of the development of Iraq is unprecedented OPEC will have to at some stage to return Iraq to its ranks in order to prevent the destabilization of the market as a result of offering millions of extra barrels.

وThe growing strength of Iraq's oil to bother Saudi Arabia, which already haunted by doubts as a result of the political dominance of the Shi'ite majority in Iraq since the toppling of Saddam's Sunni.

also likely to trigger increased production of tension with Iraq, Iran's second largest producer in OPEC. و And lead to increase Iraqi production to lower prices and other countries lose market shares.

وShahristani said he had no need for talks on production quotas in OPEC before it reaches his country's production to between four and five million barrels per day, which may be achieved through two or three years.

وChizuk said "It is clear that the issue of Iraq's share of OPEC will be of strategic importance for Iraq. I think we should expect that negotiations are very complicated when we get to it and it will depend Hinid what it will look like the possibilities of Iraq at this stage http://translate.google.com/translate?hl=en&ie=UTF-8&sl=ar&tl=en&u=http://www.almowatennews.com/news.php%3Faction%3Dlist%26cat_id%3D8&prev=_t&rurl=translate.google.com

[michelneedsRV]

Even if they get 6-7 Million barrels per day, I don't think they can manage that via a toilet paper currency, do they?

Michel

[behaviorkat]

Even if they get 6-7 Million barrels per day, I don't think they can manage that via a toilet paper currency, do they?

Michel

Seem like too much counting

Thanks for the post.

[sneakey]

Would be a lot of counting. Nice!

So the Kurds are selling oil on the side and they think it's perfectly legal.

Is this why the Kurds bolted from the meeting yesterday?

This issue could be gumming up the works right now.

Does anyone have any further info on this issue?

و Kurdish officials are hoping for a breakthrough during talks on forming a new Iraqi government, leading to an agreement to make payments for the companies and the resumption of exports from their region

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