Shahristani: Iraq will be the largest supplier of oil market in the coming years :blueh::party:
Oil Minister Hussain al-Shahristani predicted that Iraq will be the largest supplier of oil market in the coming years.
Shahristani said at a symposium organized by the ministry in cooperation with the Faculty of Mass Communication, University of Baghdad, said Wednesday that the second licensing round was convincing to all parties and has contracts signed by the ministry of foreign companies with a large part of the ministry programs.
Stressing that the first licensing round and the second meets the legal requirements, despite the objections earlier.
"The ministry plans to raise the production ceiling to 12 million barrels per day through the rehabilitation and development of oil fields, a key factor in the optimum exploitation of the oil wealth of Iraq."
http://www.radiodijla.com/cgi-bin/ne...?id=2010-01-13