According to media in Baghdad on July 23 reported that Iraq has been looking for international partners to develop the country's vast oil reserves, the world's No. 3 largest oil reserves in the hope that the country's largest oil field in Iraq Rumaila oil fields in the next 6 years to improve 2.
July 22, Iraqi Oil Minister Hussein Shahristani met in Baghdad largest oil company in Europe, No. 2 BP (BP) and the Chinese state-owned oil giant China National Petroleum Corporation (PetroChina) representatives, the two sides Rumaila field to discuss raising oil production plans. BP and PetroChina Shahristani request Rumaila oil fields to oil production from the current 95 million barrels per day to 2.85 million barrels per day.
Shahristani June 30 in the first post-war Iraq oil and gas field before the start of the auction said that Iraq will be through the development of six oil fields and two gas fields to the country's oil output from 2.4 million barrels to 400 million barrels per day. Iraq plans to hold its end of the year the sale of two tender to permit Iraq to increase oil production further to 600 million barrels per day.
According to the Iraqi Oil Ministry spokesman Assem Jihad said Joachim, Rumaila oil field development project partners will be in August this year to sign a service contract.
Jul. 24, 2009
U.S. Energy Secretary would like to maintain the stability of oil prices
Media Washington, July 18 reports, July 16, the U.S. government's energy minister, Steven Chu (Chu) called for an end to "volatile" oil prices, he believes that the volatility of oil prices to a large extent with the "far-sighted "relating to the speculation.
U.S. Energy Secretary called for more stable oil market to avoid any potential to endanger the economic recovery. Steven Zhu said that he had in six months oil prices more than 30 U.S. dollars a barrel from the low quickly elevated to the rank of more than 70 U.S. dollars per barrel was "disappointed."
U.S. Energy Secretary in an interview with reporters, made these remarks. He believes that oil prices caused in such a short period of time mainly due to sharp rise in the "visionary" market speculation rather than the basic principles. He said: "I have said over and over again, I will continue to do that, we are now the only hope is that the stability of oil prices as soon as possible."
Although the minister refused to Steven Chu of an appropriate price, but, he said that 150 U.S. dollars a barrel last summer's oil price is "high-shocking."
According to the Swiss financial company UBS said, the price of crude oil in the second half of this year is likely to reach 65 U.S. dollars a barrel, and then in 2010 to reach 70 U.S. dollars a barrel.
Jul. 20, 2009
U.S. Energy Secretary called for more stable oil market to avoid any potential to endanger the economic recovery. Steven Zhu said that he had in six months oil prices more than 30 U.S. dollars a barrel from the low quickly elevated to the rank of more than 70 U.S. dollars per barrel was "disappointed."
U.S. Energy Secretary in an interview with reporters, made these remarks. He believes that oil prices caused in such a short period of time mainly due to sharp rise in the "visionary" market speculation rather than the basic principles. He said: "I have said over and over again, I will continue to do that, we are now the only hope is that the stability of oil prices as soon as possible."
Although the minister refused to Steven Chu of an appropriate price, but, he said that 150 U.S. dollars a barrel last summer's oil price is "high-shocking."
According to the Swiss financial company UBS said, the price of crude oil in the second half of this year is likely to reach 65 U.S. dollars a barrel, and then in 2010 to reach 70 U.S. dollars a barrel.
Jul. 20, 2009
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