Highlights from Global Energy Outlook debate at WEF  

Reuters has some choice energy related quotes from the World Economic Forum in Davos - Highlights from Global Energy Outlook debate at WEF.

ILHAM ALIYEV, PRESIDENT OF AZERBAIJAN

"We are planning to increase (gas production) maybe two or three times, maybe more -- to do that we need much bigger capacity of pipeline."

THIERRY DESMAREST, CEO, TOTAL

"The problem of peak oil remains ... it will be very difficult to raise the oil production worldwide above 95 million barrels per day."

TONY HAYWARD, CEO, BP

"None of us will sell more gasoline than in 2007 (to developed markets)."

"We are cautiously optimistic about the potential that Iraq can play in providing a new source of supply to global oil markets. BP is involved in a major contract to redevelop a local field ... the field is producing 1 million bpd and we have a plan to take it to 3 over the next 10 years or so.

"If all of us who are participating there are reasonably successful in delivering on the commitments we have made, it is quite likely we will see Iraq increase its production to perhaps around 10 million bpd within about 10 years. It won't be faster than that although if you added up the contractual obligations you could draw that conclusion. The realities of the challenges of execution on the ground and the need to build capability on the ground mean things will happen a little slower than all of us are perhaps planning for today.

"The reality is absent any unforeseen political events ... the resources there are relatively easy to bring onstream and there is no reason to believe that Iraq can't be producing 10 million bpd by 2020 or so."