Thread: Hussain al-Shahristani: Iraq will be the largest source of oil in the world

Hussain al-Shahristani: Iraq will be the largest source of oil in the world

Oil Minister Hussein Shahristani said that Iraq will become the largest source of oil in the world, will range from production of crude oil after the companies agree to invest the fields during the second licensing round is 10-12 million barrels a day.

Shahristani said in a press statement that international companies agreed to invest the oil fields announced by the Iraqi Oil Ministry in the first round of licenses and prices set by the ministry.

He added that companies that had submitted in the first round of licensing, organized by the Ministry of Oil has agreed to invest those fields and prices set by the ministry after it conducted these companies in-depth negotiations with the Iraqi Oil Ministry.

He pointed out that the fields and the companies have agreed to invest is a field-Zubair and West Qurna field in addition to the Rumaila which was agreed upon in the first licensing round with the oil company British coalition with the Chinese National Petroleum Company.

http://www.radiodijla.com/cgi-bin/ne...?id=2009-10-14

Bump......