Politics and Law

Aarkstore announce a new report  “Positive Response To Iraqâ??s Second Licensing Round Paves The Way For Its Leading Role In The Global Oil Industry” through its vast collection of market research report.Positive Response To Iraqâ??s Second Licensing Round Paves The Way For Its Leading Role In The Global Oil IndustrySummary Iraq has the worldâ??s third largest proven petroleum reserves, a vast majority of which are yet to be exploited. Iraqâ??s potential oil wealth remains largely unrealized. Oil production has been slow as the country is limping back to normalcy after being ravaged by war. Iraq has close to 115 billion barrels of oil reserves accounting for 9.1% of the total global oil reserves as of 2008. Only Saudi Arabia (21%) and Iran (10.9%) account for more reserves than Iraq. Even with huge reserves, Iraqâ??s oil production is considerably less due to political and economic instability. However, the second licensing round has seen a positive turn around, as compared to the first round and has resulted in seven of the 15 fields being awarded. The total estimated combined reserves on offer in the second round are about 41 billion barrels. The seven oil fields awarded in the second licensing round in Iraq are expected to add more than 4.7 million barrels a day of oil to its total production. Increase in production from these huge fields paves the way for Iraq to play a leading role in as a global oil supplier.Scope – The study provides information on the Iraqi oil reserves and production in 2008. – It discusses the fields offered in the second petroleum licensing round. – It also covers the top crude oil producers in 2008, comparing Iraq to the top 10 in the global market.1 Table of Contents1 Table of Contents 21.1 List of Tables 31.2 List of Figures 42 GlobalData Viewpoint 52.1 Summary 53 Positive Response To Iraqâ??s Second Licensing Round Paves The Way For Its Leading Role In The Global Oil Industry 63.1 Iraq Plays A Key Role In The Global Oil Industry 63.2 Iraqâ??s Second Licensing Round Awarded Seven Of The Total 15 Fields 73.3 Second Licensing Round Witnessed A Positive Response Despite The Absence Of US Companies And A Volatile Security Situation 113.4 Increase In Production From The Newly Awarded Fields Can Propel Iraq Into The Top League Of Global Oil Suppliers 124 Recent Developments 134.1 License Rounds 134.2 License Awards 134.3 Strategy and Business Expansion 164.4 Other Significant Developments 175 Appendix 195.1 Methodology 195.2 Contact Us 215.3 About GlobalData 215.4 Disclaimer 211.1 List of Tables Table 1: Iraq, Fields Offered In The Second Petroleum Licensing Round 8Table 2: Iraq, Unawarded Fields In The Second Petroleum Licensing Round 81.2 List of FiguresFigure 1: Iraq, Oil Reserves and Production, 2008 7Figure 2: Global, Top Crude Oil Producers (Million Barrels Per Day), 2008 12Figure 3: GlobalData Methodology 19KeywordsNews, Analysis, Opinion, Viewpoint, Oil & Gas, Crude Oil, Natural Gas, Refining, Exploration, Production, Pipeline, Geopolitics, Storage, LNGFor more information, please visit :http://www.aarkstore.com/reports/Positive-Response-To-Iraqâ??s-Second-Licensing-Round-Paves-The-Way-For-Its-Leading-Role-In-The-Global-Oil-Industry-35201.htmlOr email us at press@aarkstore.com or call +919272852585