Iraq Had Exported 53 Million Barrels Within a Month
The Oil Ministry's spokesman Asim Jihad, declared in an interview with Al-Hayat paper, that Iraqi oil exports amounted to 52.8 million barrels a total value of 3.11 billion U.S. dollars in (October) the past. The average selling price of crude oil of 58.9 dollars per barrel.He added that the amount of crude oil exports from Basra (via the ports of Basra and Khor al-Amaya located on the Arabian Gulf), amounted to 42.9 million barrels, worth 2.5 billion dollars, in quantities of oil exports from Kirkuk (via the Turkish port of Ceyhan on the Mediterranean) 9.9 million barrels, worth 603 Million, were distributed among 22 international companies.
The member of « Oil and Gas Commission » in Parliament Abdul Hadi al-Hassani, clarified that the emigration of qualified staff which Iraq suffered lately led to the deterioration of the oil sector and the low efficiency of the technical work. He attributed it resorts to contracts with international oil companies to the need for advanced technology in this sector and for much better investment.
And about the performance of the Iraqi oil ministry, He said that each Ministry has its parameters to set frameworks and work strategies, the good governance and how to use the proceeds to the development of financial work. He added: «the investment budget that devoted to the oil sector is still under the required level, we need an investment budget not operational». He stated that the reasons for the decline of the sector's performance due to hidden unemployment, and bureaucratic work in opening credits, which are an impediment to the government oil companies, and the oil port unprepared for export and the pipelines are obsolete. He called for «interest in addressing these imbalances in order to attract international companies to invest in Iraq».
The «Reuters» agency quoted to the Turkish (Anatolia )semi-official agency, that the flow of Iraqi oil through Kirkuk - Ceyhan pipeline to Turkey resumed yesterday, after extinguishing a fire broke out because of an attack by rebels from the PKKA Party in the province of Mardin in southeastern Turkey.
( Iraq Directory )
