Experts: Iraq's center of balance and stability of the world's oil

1/12/2014 0:00

At a seminar of the Institute of the Iraqi economic reform

BAGHDAD - Hussein al-Tamimi Tgb
Tdras number of oil experts and specialists reality of the oil industry in the country , and its relationship to the global supply and demand , by passing through the production , extraction and transportation of this wealth , as well as the quantities exported and compliance with transparency reports , which followed it. This came at a seminar held by the Iraqi Institute for Economic Reform and Gather on which the projections indicate that Iraq occupies an important position in the balance and stability of the world oil market .

Plans and investments
Director General of the Iraqi Oil Marketing Company (SOMO ) , Falah al-Amiri said on the sidelines of the seminar : that Iraq occupies an important position in the balance and stability of the global oil market , where is now the third-largest exporter of crude oil globally and has plans and investments Matahlh to increase its production to several -fold from current production , pointing to match the amount of oil exported to the reports of Transparency specialized in this regard .


Growth rates
He added that the importance of the production capacity of the Iraqi oil depended on the stability and improvement in growth rates in the global demand for crude oil, which depends on the stability and growth in the global economy , taking into consideration the continued growth in demand for crude oil in emerging economies , especially in the market of Asia ( China and India) and width With the rapid increases in the production of oils from the rocky North American countries .


Oil shale
He pointed out that these factors combined give important indicators for the study and analysis of supply and demand, and highlight trends in the medium term , pointing out that the production of oil shale in North America is the largest in terms of growth and the increase from countries outside OPEC , where production reached America currently of oil shale about 2 million barrels / day , indicating that the estimates of the size of shale oil production in the world is well-defined and may be determinants of environmental negative impact on the progress of the production of oil shale in the future.


Increase production
He pointed out that the production of oil shale in the United States will increase to up to (4.3) million barrels / day by 2017 to reach the peak year 2020 to decline gradually to reach 2.2 million barrels / day by 2035 , and still the possibility of increasing the production of oil rock from other countries and regions in the world is not reliable, but can record the percentage increase up to 4 percent of the world's oil processing in 2035 , indicating that the fields of shale oil production to be economically viable when oil prices up to $ 50 / barrel .


The presence of companies
The oil expert Hamza jeweler said that the aim of the licensing contracts not only puberty production levels high but also benefit from the presence of the companies for the benefit of local communities and the upgrading of living without affecting the lifestyles through concern for the environment , where they were bringing in from the side that there are Iraqis newborn experience in this matter against the giant companies and has tremendous potential negotiating Therefore, the implementation of the items on the subject of the environment and human faces resistance by global companies . In the field of licensing contracts and rights and the environment written in accordance with the highest international standards , which included an entire chapter on the environment and therefore Rights and in another chapter of which focused attention on the rights and his community in the areas of development , but the contracts did not require companies to form a special department is interested communities .


Natural Resources
He pointed to the presence of key texts in the contracts to the contractor and operator commitment and Alemraat full health and safety , environmental protection and conservation of natural resources , and in the case of environmental damage , should reduce the damage to a minimum and its implications regarding the people and property , and must avoid damaging the livelihoods or quality of life in surrounding communities or corrupted , for example, the pastoral community must remain pastoral , but did not talk contracts explicitly upgrade the means of production of the communities , and thus promoted communities .


Interest communities
He said the jeweler that the contracts recommended the necessity of instilling the concepts of health and safety and the environment among all individuals working within the petroleum operations , which must be developed detailed guidelines for the protection of the environment and control community as a prerequisite for Oil Operations , noting that the interest of local communities is conditional not to obstruct the work of the companies as a prerequisite for the work of community organizations and departments dealing with local companies so work must be organized.
He said the companies needed to raise the standard of living of local communities without compromising the patterns of living , the agricultural community must remain Vlahia , pastoral and must remain pastoral . But can upgrade their means of production and therefore their methods Maachehem , pointing out that he may be gradually pushing the sons of individual communities in the oil industry after rehabilitation .


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