Economists: Iraq will control the oil prices after the export of Kurdistan
Baghdad, The Iraqi economists said that the resumption of oil exports from the Kurdistan region of 100 thousand barrels a day will strengthen the position of Iraq's oil in OPEC.
And agreed with the Federal Ministry of Oil and Ministry of Natural Resources in the Kurdistan region, the region's oil export mechanisms, and the reduction of smuggling, according to spokesman said the Iraqi Oil Ministry, Assem Jihad, who pointed out that the agreement will do officially early next month.
And calls for halving the proportion of the Kurdistan region to export oil from the fields to 100 thousand barrels instead of 150 thousand barrels per day set by the federal government previously as a condition to maintain a ratio of 17% of the Kurdistan region in the general budget.
The expert in the organization (ASI) International Petroleum Safaa Shaheen Kurdistan News Agency (Rn) that "the resumption of oil exports from the oil fields in the region will strengthen the position of Iraq and OPEC will raise the weight of barrels of Iraqi oil to $ 89 in light of attracting industrial firms and especially the United States of crude oil. "
And floats on a sea of oil, and has the third largest reserves in the world, after it announced the Iraqi Oil Ministry in October to increase oil reserves by 25 per cent to 143.1 billion barrels.
The major oil companies, concluded agreements to extract Iraq's oil reserves, which could boost Iraq's production capacity to 12 million barrels per day from 2.5 million bpd during the next six years.
Shahin added that "oil prices, which range between 85-88 dollars to Iraq will submit $ 89 OPEC monthly during the exhibition, which marks the end of the month."
And that "the level of crude oil prices on the rise due to increasing demand by developing countries on the consumption of crude oil in addition to the delayed a number of oil states like Saudi Arabia in the development of oil production and the continued escalation of the development process by Iraq to increase oil exports monthly."
He sees and teaching at the Institute high oil Awni Shihab that "the Iraq effect by 12.9% on the price level of crude oil produced by the annual comparison, which covers more than two and a half million, which far exceeds the State's need for crude oil consumed."
And that "Iraq's key role in the stability of oil prices since crude is exported to areas mostly dealing in foreign currency the dollar, which forces to follow a clear plan in the organization of the export process."
The OPEC basket includes 12 types of crude oil, a mixture deserts of Algeria, Girassol Angola and Iranian Heavy, Basra Light Iraqi crude export Kuwaiti lotus Libyan and Bonnie light Nigerian crude maritime country and Arab Light Saudi Murban UAE and Mary Venezuelan Orient from Ecuador.
And Member States have in this organization 40% of global output and 70% of the world's oil reserves.
According to a member association of our economy Taher Abdul-Jabbar's (Rn) that "OPEC will reach the price of a barrel of oil to $ 95 in the event of increased export of Iraqi oil per day to three million barrels of oil and united Iraq oil policy and organized the relationship between Baghdad and Erbil."
He pointed out that Abdul-Jabbar "by Iraq to develop a clear policy on the export of oil and do oil and gas law for the sale of its highest levels in the markets in order to bridge the budget deficit in 2011, which reached the $ 12 billion."
And exposed the Organization of Petroleum Exporting Countries "OPEC" to international pressure, particularly from the major consuming countries to urge them to lift its oil production.
And calls upon the Government of Kurdistan, the federal government to compensate the oil companies operating in the region's oil fields.
The Iraqi Oil announced last September that crude oil inventories in the country has 505 billion barrels of discovered fields, which total $ 66 oil fields, with total recoverable reserves of 143 billion barrels.
The Ministry of Oil in Iraq earlier that it will offer 12 locations fighter for investment this year through the fourth round of oil licensing.
Baghdad, The Iraqi economists said that the resumption of oil exports from the Kurdistan region of 100 thousand barrels a day will strengthen the position of Iraq's oil in OPEC.
And agreed with the Federal Ministry of Oil and Ministry of Natural Resources in the Kurdistan region, the region's oil export mechanisms, and the reduction of smuggling, according to spokesman said the Iraqi Oil Ministry, Assem Jihad, who pointed out that the agreement will do officially early next month.
And calls for halving the proportion of the Kurdistan region to export oil from the fields to 100 thousand barrels instead of 150 thousand barrels per day set by the federal government previously as a condition to maintain a ratio of 17% of the Kurdistan region in the general budget.
The expert in the organization (ASI) International Petroleum Safaa Shaheen Kurdistan News Agency (Rn) that "the resumption of oil exports from the oil fields in the region will strengthen the position of Iraq and OPEC will raise the weight of barrels of Iraqi oil to $ 89 in light of attracting industrial firms and especially the United States of crude oil. "
And floats on a sea of oil, and has the third largest reserves in the world, after it announced the Iraqi Oil Ministry in October to increase oil reserves by 25 per cent to 143.1 billion barrels.
The major oil companies, concluded agreements to extract Iraq's oil reserves, which could boost Iraq's production capacity to 12 million barrels per day from 2.5 million bpd during the next six years.
Shahin added that "oil prices, which range between 85-88 dollars to Iraq will submit $ 89 OPEC monthly during the exhibition, which marks the end of the month."
And that "the level of crude oil prices on the rise due to increasing demand by developing countries on the consumption of crude oil in addition to the delayed a number of oil states like Saudi Arabia in the development of oil production and the continued escalation of the development process by Iraq to increase oil exports monthly."
He sees and teaching at the Institute high oil Awni Shihab that "the Iraq effect by 12.9% on the price level of crude oil produced by the annual comparison, which covers more than two and a half million, which far exceeds the State's need for crude oil consumed."
And that "Iraq's key role in the stability of oil prices since crude is exported to areas mostly dealing in foreign currency the dollar, which forces to follow a clear plan in the organization of the export process."
The OPEC basket includes 12 types of crude oil, a mixture deserts of Algeria, Girassol Angola and Iranian Heavy, Basra Light Iraqi crude export Kuwaiti lotus Libyan and Bonnie light Nigerian crude maritime country and Arab Light Saudi Murban UAE and Mary Venezuelan Orient from Ecuador.
And Member States have in this organization 40% of global output and 70% of the world's oil reserves.
According to a member association of our economy Taher Abdul-Jabbar's (Rn) that "OPEC will reach the price of a barrel of oil to $ 95 in the event of increased export of Iraqi oil per day to three million barrels of oil and united Iraq oil policy and organized the relationship between Baghdad and Erbil."
He pointed out that Abdul-Jabbar "by Iraq to develop a clear policy on the export of oil and do oil and gas law for the sale of its highest levels in the markets in order to bridge the budget deficit in 2011, which reached the $ 12 billion."
And exposed the Organization of Petroleum Exporting Countries "OPEC" to international pressure, particularly from the major consuming countries to urge them to lift its oil production.
And calls upon the Government of Kurdistan, the federal government to compensate the oil companies operating in the region's oil fields.
The Iraqi Oil announced last September that crude oil inventories in the country has 505 billion barrels of discovered fields, which total $ 66 oil fields, with total recoverable reserves of 143 billion barrels.
The Ministry of Oil in Iraq earlier that it will offer 12 locations fighter for investment this year through the fourth round of oil licensing.
