Economist : Iraq will be the first source of oil in the world

Iraqi economic expert said on Tuesday that Iraq will become a source of oil for the world, thanks to the success of the Ministry of Oil in the development of work with respect to the sale of crude oil.

He said Yasser Jabri told Kurdistan News (Akaniwz) announced today that "The Oil Ministry has succeeded this month in the development and the reality of oil exports, although the country is a tension between the political blocs to form the next government."

"We have reached Iraq's oil exports to 58.7 million bpd, the ability of the sale and reached 4.335 million dollars, which will make Iraq the first in oil-exporting countries if the export of oil What is it now."

He said: "The responsibility of the ministry so much to improve its performance in the next phase of supporting the economy of the country".

The Iraqi Oil Ministry has recently concluded an agreement for the development of Ceyhan oil pipeline, and for 12 years, in order to improve the export of oil via this pipeline to the European Union.

And issue the southern Iraq port the largest proportion of oil, ranging between 600 thousand barrels to one million barrels per day, while coming from the north port 450 thousand barrels per day.

And Jabri, "The increased production of oil during the recent evidence of efforts to resolve all the problems that hinder the export of oil in the country, especially the problems between the federal government and the KRG."

It is hoped that the rehabilitation of the carrier oil pipeline through Syria, which helps in the export of oil with increased production of crude oil, which Iraq hoped to reach 11 million bpd over the next six years.

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