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Dr. Ali Hussain Seattle Mariners Jersey , a respected oil consultant from the Middle East views the economy of Iraq and the future of the Iraqi dinar as being dependent on its oil sector. Dr. Hussain believes that developing the country’s oil must be a priority to achieve economic growth and stability. In a recent speaking engagement with The Energy Exchange, Dr. Hussain provided a complete analysis on the importance of infrastructure to sustain the country’s oil and gas sector.


In its official statement, Iraq listed its goal to produce oil at 12 million barrels a day by the year 2017. The country’s oil export reached $80bn the previous year. By the end of 2012, a $3.4 bpd production is expected.


Dr. Hussain believes that demand for oil from other countries like China and India could generate an increase in Iraq’s oil production. India, according to the US Energy Information Administration forecasts Madison Bumgarner Jersey , is expected to outpace China’s 2.9% annual oil demand growth from 2008 up to 2035 at 3.5% average.


To support the country’s economy and oil industry, Dr. Hussain reiterates on the role of infrastructure toward the development of Iraq and growth in its oil industry. With a steady and strong economy, international investment becomes possible. Industrial and agricultural development will also follow. There is also the Tourism industry, which can greatly benefit the country with its vast archaeological, historical Brandon Crawford Jersey , and religious sites.


Dr. Hussein also thinks that the country should start the development of its own petrochemical capacity to meet the demands for both domestic and export.


Iraq has three major oil refineries at present – the Baiji, Doura and Basra refineries. These refineries can produce an estimated 720,000 barrels a day in total capacity. At this time however, only an estimated capacity of 500,000 barrels a day are produced from these refineries. To meet the domestic demand Buster Posey Jersey , the country has plans of building five additional refineries, with an 840 Mbbl total capacity.


Dr. Hussein also calls on the need to construct another refinery for oil product export only. The refinery must have the capacity for 500 million barrels the least. Dr. Hussein thinks that if the refinery is situated in Basra, then it would serve as the prime location for product export.


This year, from September 17 to 20, Dr. Hussein will be participating at the 2012 Iraq Future Energy Conference to be conducted in the city of Istanbul Stephen Vogt Jersey , Turkey. Dr. Hussein is set to present his analysis on Iraq’s energy sector at present, the country’s vision when it comes to oil production, and the role of developing infrastructure to boost the country’s economy and the Iraqi dinar.


Mike Moore is published on more than 300 websites. He writes on various topics including from dinari, currency, currency exchangecurrency exchange and buying dinari’. He is published at

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