Oblique reports per said of Bahr al-Ulum regarding that Iraq would gain its global role in energy market should be put to this objective a timetable for the improvements of Oil and gas, electricity, and believes that Iraq could become the double oil producer and can access to 6 million barrels per day at the end of 2020 and rise to increasing rates of 8 million barrels per day in 2035.
IN reports there has been made an expectations that gas production will increase to 40 billion cubic meters in 2020 and in 2035 this production will reach to the level of 90 billion cubic and will be the percentage burning gas does not exceed 4 billion cubic meters in 2020 on the other hand reports are predicting that Iraq will be able to meet the requirements of electric power in 2015 and this will rise three times more by 2020 from the present production capacity and 80 megawatts will be got from gas by 2035.
In reports there was also a discussion on a transfer sector where it was said Iraq will start to provide massive amounts of oil products to oil refineries by 2019 and by 2020, Iraq after the meet of oil and gas demands Iraq will export large quantity of oil and gas after meeting his needs and requirements.
Dr. Bahr al-Ulum further said that Iraq is facing many challenges and its main challenges are the demand of prominent political stability and requirement of building energy institutions and empowered and need to solve all sorts of discriminations between center and the province of a law to distribute the revenues of oil.
In the report it was pointed out an issue that there should be a boost in coordination to remove obstacles in the extractive area is the significant energy saving and reliable transportation system in providing the efficient management and all this needs an oil revenues in order to invest in the development sector which includes at least $ 25 billion at start with the availability of long term plans aims to diversify the economies of Iraq and pointing out the energy sector masterpieceamplecareers and that’s the reason there must be a diversification of the economy to engrossredundancy with demandingdatabases to develop Iraqi squads.
In the report it was also discussed that working paper submitted by Dr.Ibrahim al Ulum a number of recommendations on production of gas and export of gas, export and production of electricity and production and export of crude oil. In report it was also discussed and suggested that how Iraq can make best use of these sources and to increase its oil reserves.
Economic expert in the best interests of Antoine hintslocated downstream oil industry, emphasizing the requirement that Iraq will no longer be a valuable source of oil and imported products. It was also pointed out that reactivation of the manufacturing industry will in offering the new job opportunities and engrosses a major portion of joblessness, doubtingaround the private sector’s role in petroleum industry, signifying to global variations in request for oil and changing prices and its impression on the growth plan.
Tawfiq inhibitor cautioned the need to follow the international agreements like as Quetu (Convention), emphasizing at pay Multi replacementsrank in the arena of large control generation.
Dr. Decades Sabah al Saadi defend the licensing contracts that counted a success in response to an interference by one of the members, which calculated a catastrophe, and illustratedSaadi to the legitimacy regarding the signing these licenses.
In the last businessman named Younis Sarji focused on the questions regarding the future of research, and studies and at the end he emphasized the need to privilege of them with proper planning for the future projects.
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