PM Barzani's Speech at CWC Oil and Gas Conference

We will continue on this path and are on track to export 1 million barrels per day by 2015 with existing discoveries and 2m barrels per day by 2019 with expected discoveries.

This is related to investment and discoveries in the oil fields, but more importantly we must also focus on how to get the oil to market. Not just from the fields in the Region but from the other areas of the north of Iraq.

With the right export infrastructure in place, by 2019 over 3 million barrels of oil per day could be flowing through Kurdistan to international markets.

At the same time, we are working to identify bottlenecks in the export infrastructure, to create the right investment scenario, and to get more oil to the market.

This means building additional feeder and export pipelines for Iraq, and that is what we are doing, in line with the authority that the Iraqi constitution has given the provinces of the Kurdistan Region.

Our plans are in the implementation stage to provide sufficient oil, gas and gasoline for inside the Kurdistan Region, so that we can have enough supply to meet the demands of the people of Kurdistan and so that we no longer have to worry about threats related to cutting our supply of hydrocarbons.

But let no one characterise this policy as a threat to Iraq’s unity or as exceeding our authorities.

Under the Constitution, the export and marketing of Iraq’s oil or gas from Iraq is not the monopoly of any single entity provided that the revenues are shared fairly among its people.

Our policies, our achievements and our contracts are entirely consistent with Iraq’s constitution, and I stress again, the benefits will be shared by all Iraqis.

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One Response to PM Barzani's Speech at CWC Oil and Gas Conference

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    Uncle Sam and friends
    5th December 2012 at 10:09 #

    Deeds on the ground iw what counts. As long as Maliki controls the pipelines and payments of oil things will go from bad to worse. The kurdish-turkish pipeline will be ready earliest 2015.
    The real nottleneck in the production gap to millions of oil barrels production is the infrastructure of Kurdistan.
    Considering that nearly nothing is produced in Kurdistan, most of the products and services needed to the infracstructure investments has to be imported.
    Professional project management at all levels and transparency could be a good start.