Posts Tagged ‘International Energy Agency’

British report:
November 16, 2013
Said the report of Standard Chartered Bank in the United Kingdom that “Iraqi oil revenues will reach $ 5 trillion between 2013 and 2035.”

The bank said in its report that “Iraq is preparing to increase production faster than any other country and has the potential to become the largest exporter of crude oil in the world.” (more…)

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10/30/2013 12:00 AM

predicted a specialist oil that there is a change in the course of marketing policy of Iraq’s oil and toward the Asian market, which is a good indication of the acquisition Iraq it, founding it on the country’s progress because increases export capacity of crude oil in order to acquire the Asian market.

comes at a time encouraged where that Iraq has excess capacity of crude oil in the coming years, as it determines the role of Iraq’s future as a key regional oil market. marketing policy and former oil minister, Dr. Ibrahim Bahr al-Ulum said in a statement to the (morning): “The marketing policy of oil within The current plan successful and need to find buyers in the Asian market, especially China and India, as it would guarantee supplies to accommodate hops production expected production from oil fields new task fields crazy and Badra and others will enter the product line in the near future. ” (more…)

16-09-2013 12:39 PM
Baghdad (newsletter). Vice-Chairman of the Committee, said the Deputy of the Kurdistan blocs Coalition/Ahmed Faizullah, Neil Iraq ranked fourth on the world level in terms of its known oil reserves, with more than 140 billion barrels, and the proportion (11%), to the third place after exploring new oil fields.

He said Faizullah (News Agency): the International Energy Agency issued a report on oil reserves in the world, noted that Venezuela was ranked first with an estimated reserve (297) and 715 million barrels, and a percentage (23%). (more…)

International bank: Iraq is a mouth-market saliva every investor and entrepreneur in the world

7/3/2013 19:36

Promised global financial institution, said on Wednesday that Iraq is a market “mouth saliva” Every investor and businessman, while International Monetary Fund forecast, to achieve Iraq’s growth rate of nine percent the year 2013 the current, suggested the International Energy Agency that Iraq will contribute including 45 per percent of international oil supplies during the current decade, and become a second source of oil in the world during the thirties of the second millennium of the current century. (more…)

21/01/2013 12:00 am

Urged the need to develop the energy sector in the country

urged economists on the importance that exploits the country of human potential in order to increase rates of sustainable development in Iraq, pointing to the existence of a number of obstacles facing the economic process in general, led a whole to decline rates of development, and caused low GDP, and while experts stressed the need to exploit the wealth large enjoyed by Iraq optimally, criticized economic thinker Dr. Mehdi Hafedh dominance of the public sector on the economic movement in the country, describing the measures to boost rates of sustainable development in Iraq (b minor). (more…)

Erbil (newsletter) … Deputy Prime Minister Roz Nuri Shaways, the seriousness of the Federal Government to remove all obstacles that impede oil and gas law, expressing optimism about the agreement between the Federal Government and the Kurdistan Regional Government in the field of oil and gas. (more…)

With its oil output expected to continue to rise, Iraq has become the World Bank’s target for financial contribution.

Deputy head of Iraq’s Central Bank said last week that the World Bank asked Iraq to become a donor state by 2014.

But with the myriad challenges facing a country ravaged by years of war, Iraq is likely still far from being able to help others. (more…)

 translation Abdul Khaliq Ali said the International Energy Agency that Iraq will soon be responsible for half of the projected global production of oil, and one study revealed that Iraq could become the second-largest oil exporter, over two decades and double production by 2020.

And the agency said Iraq could exceed Russian exports, but the Iraqi government must overcome internal differences with the Kurdistan region over oil rights and to increase the current investment of $ 9 billion in 2011 to $ 25 billion a year on average for the rest of the decade. (more…)

Date: Monday 05/03/2012 17:51

Iraq will be presented at the Public Economic upcoming summit

Central Bank of Iraq said that the Arab summit to be held in Baghdad from the most appropriate forums to discuss the Arab Iraq’s debt with the Arab countries.

The deputy governor of Bank of the appearance of Mohammed Saleh, said that there is the question and the other Iraqi special issue of public debt on the subject of Arab Iraq, which has not been settled so far, except for Algeria and some other countries. He noted that some small countries, Malta Kcyprus dropped all the debts on Iraq, while there are countries did not fall sister debts on Iraq so far. (more…)

2/28/2012 6:59 PM

BAGHDAD / Aswat al-Iraq: The Iraqi Parliamentary Foreign Relations Commission today called the international community to play greater role in removing Iraq from UN Security Council’s Chapter VII and adopting a clear stand to support its legitimate issues, according to a statement.

The statement added that the Commission today received a delegation from the British Embassy in Baghdad. (more…)

SUNDAY, 29 JANUARY 2012

Said the International Energy Agency in its report that oil production in Iraq rose by 12% in 2011, while warning that the political instability inside Iraq in the development of operational and logistical constraints on the oil sector.

A report by the International Energy Agency obtained by “Twilight News”, that “Iraq’s oil production rose by 12% in 2011 compared to the previous year but this increase was not reflected in exports due to poor infrastructure.” (more…)

Full numbers for Iraq’s November 2011 oil exports and profits were finally released, and showed a rebound on all counts after a two month dip. The price for Iraqi crude went up along with exports, leading to a rise in revenue for Iraq last montn. Despite this, Iraq’s production has still hit a plateau due to infrastructure limitations, and the country is having problems paying foreign companies that are responsible for the increases.

As reported before, Iraq’s oil exports rebounded in November after going down for the previous two months. In November, the country shipped an average of 2.13 million barrels a day, compared to 2.08 million in October, and 2.10 million in September. Last month’s average was not as high as August however, when Iraq exported 2.19 million barrels. The price of one barrel of Iraqi crude also increased from $104.43 in October to $106.59 in November. (more…)

BAGHDAD / Aswat al-Iraq: Iraq will be the main contributor in oil production increase till 2035, according to International Energy Agency periodical report.

The report said that OPEC will achieve an increase of 2.9 b/d in the medium range, namely 23.8 million b/d in 2010 to 26.7 million b/d in 2015, to 36 million b/d in 2035.

It clarified that in case of achieving such an increase, the OPEC percentage in world production was 42% in 2010 to be increased to 51% in 2035. Iraqi oil production shall be the main contributor, whose production will be tripled from 2.5 million b/d to 7.7 million b/d, though this figure is different from Iraqi government expectations to reach 12 million b/d in 2017.

http://bit.ly/sRjmfZ

United Nations confirmed in a report that Iraq has oil reserves, stressing more than 143 billion barrels and potential reserves exceeding 200 billion barrels, placing the country among a small group of countries that have a high potential for oil production and influence in global oil markets. The unit of information and analysis of inter-agency United Nations and UNDP for the organization (Yu said DBS) prepared a report on the reality of the oil and gas in Iraq, which included a complete analysis of this sector. (more…)

06/16/2011 9:50

Fears that high oil prices to economic recession and warned the International Energy Agency, based in Paris, the risk of continuation of current levels of high oil prices, which may lead towards a new global economic recession.

The chief economist Fatih Birol said “oil prices, which range at an average $ 120 a barrel, threatening to make the world sliding into recession again.”

(more…)

Allaibi said that the current global oil prices acceptable and do not affect the global economy.

He told reporters in Baghdad, but there is concern that Libyan oil exports are limited and OPEC has spare production capacity beyond what is produced by Libya.

Allaibi said that the stability of world oil prices, an issue difficult to estimate, but he did not expect a significant increase in two or three weeks ahead as Saudi Arabia can pump more oil to put a ceiling on prices when necessary. Saudi Arabia is the most influential member of OPEC and has the largest spare production capacity.

(more…)