DAVOS-Highlights from Global Energy Outlook debate at WEF

DAVOS Jan 28 (Reuters) - Following are highlights from the Global Energy Outlook discussion held at the World Economic Forum in the Swiss resort of Davos on Thursday.

TONY HAYWARD, CEO, BP (BP.L)

"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."

Commenting on unconventional natural gas: "A complete game-changer in the U.S. It probably transforms the U.S. energy outlook for the next 100 years. It's yet to be seen if it can be applied globally."

PETER VOSER, CEO, ROYAL DUTCH SHELL (RDSa.L)

"I do see the challenges (in Iraq) to deliver increased (output) ... According to official estimates, we will need $27 trillion to get to the point Tony described. That is an enormous (part) more than what the world has just spent bailing out the banks and put stimulus into the market. This money needs to be earned ... Iraq can bring some stability (to markets) but it needs to be developed and the money needs to be earned so we can actually finance these $27 trillion over the next 20 years."

THIERRY DESMAREST, CEO, TOTAL (TOTF.PA)

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

"Iraq will play a key role in the equilibrium of the market in the coming years. In terms of corporate policy we have a clear policy of minimum return that we want to have for our projects.

"We have seen a lot of excitement in the industry on these projects. We are a bit less enthusiastic -- our priority is to bring returns to shareholders in line with their expectations."

KHALID AL-FALIH, CEO, SAUDI ARAMCO

"I'm convinced we will be able to do a lot more than the 95 to 100 (million barrels a day of global oil production) that is projected."

"The concern (of) peak oil is behind us ... We have traditionally attempted to and have kept spare capacity exceeding 1.5 million barrels, (which is) very expensive to maintain. Today our spare capacity is over 4 million barrels as we have adjusted to recession. We are comfortable keeping that cushion.

"We don't see the reciprocal assurance from consumers in terms of giving us the long-term signals we need as producers to maintain that long-term commitment to investment.

"On the upstream, a third of our capacity is idle but it is ready to come on stream at very short notice.

"Despite very poor profitability in refining today, we at Saudi Aramco are investing."

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."