Shahristani: Iraq to be main provider of oil for world

Posted: October 18, 2013 in Iraqi Dinar/Politics
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Friday, 18 October 2013 08:30
Baghdad (AIN) –The Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, assured that “Iraq is working to increase its oil production and will be the main provider of crude oil in the world.”

A statement by Shahristani’s office cited “The Deputy PM for Energy Affairs participated in the 22nd International Energy Conference which was held in Daigo city in South Korea.”

Shahristani highlighted the importance of the Middle East and Africa on the economic level since they are the main providers for oil for the world wide, noting that “We expect to have 95% of the increase in the oil production from these countries, especially, Iraq.”

He stressed “Iraq is working to increase its production of oil through developing its oil fields and increase the foreign investments in this sector to be the main provider of oil though the political unrest in the region which is the main reason for the international worries over oil supplies.”

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