16 replies to this topic

[SWFloridaGuy]

8-11-2012 Erbil: Iraq now second-largest oil producer. Iraq produced 3 million barrels of oil a day in the last month, which moved the country from third to second place in terms of oil output. Iraq overtook the second-largest OPEC oil producer Iran for the fist time since 1980.

Iran’s oil production reduced to below 3 million barrels of oil per day due to the impact of US and Western sanctions on Tehran and the stable recovery of Baghdad’s oil production. Iran last month produced 2.9 million barrels of oil a day, reported the Financial Times. Oil analyst at the Center for Global Energy Studies Manouchehr Takin said: “The different production paths show the huge impact of politics in oil and the Middle East.”

Iran produced 1 million barrels a day fewer in comparison with five months ago due to increasing sanctions such as the combined impact of US sanctions against Tehran, a full EU embargo on the country’s crude exports and a de facto global ban on maritime insurance for Iranian oil supertankers.

Iraq signed many contracts in the last four years and it is the country’s policy to sign more oil contracts with foreign giants like Exxon Mobil, Royal Dutch Shell, BP, France’s Total, Russia’s Lukoil and China’s CNPC to develop oil infrastructure and to reach targets. Iraq’s new target is to produce 12 million barrels a day by 2017.

http://www.aknews.co...knews/2/321268/

[TheArtistFormallyKnownAs]

" Iraq’s new target is to produce 12 million barrels a day by 2017."




Holy Moly Batman.

[Dinar Buddy]

The second largest oil country is Iraq, but it is all uuser ground... We wont see anything significant till 2017. By that time Iraq will be in such debt to us and other countries it could taken 20 more year to ay off their loans.

This RV is going take time.

[easyrider]

The second largest oil country is Iraq, but it is all uuser ground... We wont see anything significant till 2017. By that time Iraq will be in such debt to us and other countries it could taken 20 more year to ay off their loans.

This RV is going take time.

i seriously dont even think you know what you are writing sometimes LOL

[Carrello]

The second largest oil country is Iraq, but it is all uuser ground... We wont see anything significant till 2017. By that time Iraq will be in such debt to us and other countries it could taken 20 more year to ay off their loans.

This RV is going take time.

Dinar Buddy, why are you always the turd in the punch bowl?

[welcome007]

Dinar Buddy, why are you always the turd in the punch bowl?

That's fu$ked up..that's like me asking, why you always have to be the bit*ch

The second largest oil country is Iraq, but it is all uuser ground... We wont see anything significant till 2017. By that time Iraq will be in such debt to us and other countries it could taken 20 more year to ay off their loans.

This RV is going take time.

Lmao

[Maggie123]

Thank You SWFG Wow! I like it a lot!

Oh Oh Looks like I may as well report Welcome007 along with jonjon and cris.

Things have gotten out of hand around here. just sayin...

[Carrello]

That's fu$ked up..that's like me asking, why you always have to be the bit*ch


Lmao

It is interesting that you pick on me, a woman, and you said nothing to Easy, a man.

[Shelley]

It is interesting that you pick on me, a woman, and you said nothing to Easy, a man.

Hey C Hey Maggie.... All I can say is wow, after being away for 2 weeks I see things have gotten vicious around here !!! so sad !!!

[DaveH]

Dinar Buddy, why are you always the turd in the punch bowl?

please be nice or dont speak to each other.

That's fu$ked up..that's like me asking, why you always have to be the bit*ch


Lmao

Both of you be nice or
Thanks

[GotSix]

i seriously dont even think you know what you are writing sometimes LOL

I think you meant to say "all the time"

[Carrello]

please be nice or dont speak to each other.



Both of you be nice or
Thanks

That works Dave.

[Maggie123]

Hey C Hey Maggie.... All I can say is wow, after being away for 2 weeks I see things have gotten vicious around here !!! so sad !!!

Shelley We really missed you girl!

Thanks for having my back on the other thread!
Yes, you could say that again, pretty vicious, and yes it is sad.

Sure don't want a good site to be ruined by a few... I for one am not taking it anymore.

[SocalDinar]

The second largest oil country is Iraq, but it is all uuser ground... We wont see anything significant till 2017. By that time Iraq will be in such debt to us and other countries it could taken 20 more year to ay off their loans.

This RV is going take time.

Dinar Buddy
3 million barrels a day is quite significant now. Getting it out of the ground once the field is proven can easily be expedited. I have yet to see unproven fields in Iraq come up empty to date. Trust me when they prove the field, the big boys will get it out of the ground. The surrounding communities will thrive and prosper. Infrastructure will be built and they will get it to port.

Another related article SWFG Thanks

Global concern with Iraq rise to second place in global oil export

Haider Ali Jawad -12/08/2012-3: 50 am | Hits: 45

Global media focused notably on regard economic jumped to second place in the Iraq sequence of oil producing countries in OPEC.
Highlighted global channels and newspapers issued in English and news agencies in addition to Arabic news media Iraq rise to second place rather than Iran.
The newspaper noted that the production of oil from Iraq last month three million bpd in Iranian oil production to two million nine hundred thousand barrels per day for the first time in more than 20 years.
And British financial times attributed the low rate of oil production to international sanctions on Tehran.
Saudi Arabia has maintained its position as the largest producer and exporter of oil within OPEC.

The export of oil from Iraq on the rise that economists believe that Iraq would be the first product globally in the coming years.

Officials in the Iraqi oil sector expected to arrive in Iraqi oil production to six million barrels over the next few years, particularly with the licensing rounds in Iraq
http://www.microsofttranslator.com/bv.aspx?from=ar&to=en&a=http%3A%2F%2Fwww.burathanews.com%2Fnews_article_166083.html

Edited by SocalDinar, 11 August 2012 - 07:31 PM.

[SocalDinar]

And another
Official: Crude Oil production to be increased on next year

Saturday, 11 August 2012 22:28 | | |
Baghdad (AIN) –The Deputy Chairman of the Energy and Oil Parliamentary Committee, Ali al-Fayadh, predicted the Iraqi production of cured oil to increase on the beginning of the next 2013 from (3.5) million barrels to (3.75) million barrels per day.
MP Fayadh reported in a statement to AIN that ''We are optimistic about increasing the production of the cured oil in order to adjust the needs of Iraq and the global markets," noting that "The technical possibilities and international experience of the Ministry of Oil contributed in increasing oil production.''
He added that ''Iraq will be the first country in the world in producing Oil,” stressing that ''Iraq can invest this oil through granting licensees and contracting with global companies which are specialized in this sector.''
A report issued by the Organization of Petroleum Exporting Countries [OPEC], on Saturday, confirmed that “Iraq has reached the highest level in producing Oil since 2003.” \ End\

http://www.alliraqnews.com/en/index.php?option=com_content&view=article&id=16208:crude-oil-production-to-be-increased-on-next-year&catid=37:economy&Itemid=41

[billy goat]

17 million barrels per day is pure fantasy. They have no where near the proven and known reserves to support such a lofty goal. Even if they did, the oil sector would suffer a collective shortage of water for processing. It takes four gallons of water to process one gallon of crude and that is a demand the Tigris and Euphrates could never maintain. I've said it many times in this forum - the middle east is running out of crude and that includes Iraq as well. Check USGS inventories for that region. You will see reliable and verifiable assessments compiled using the latest seismic techniques.

[SocalDinar]

17 million barrels per day is pure fantasy. They have no where near the proven and known reserves to support such a lofty goal. Even if they did, the oil sector would suffer a collective shortage of water for processing. It takes four gallons of water to process one gallon of crude and that is a demand the Tigris and Euphrates could never maintain. I've said it many times in this forum - the middle east is running out of crude and that includes Iraq as well. Check USGS inventories for that region. You will see reliable and verifiable assessments compiled using the latest seismic techniques.

I agree 17 M BD seems fairly unreachable but 6 M BD is already within site.
I find any and all information provided by any and all government agencies to be unreliable.
Now show me some private oil companies findings that the oils not there and i will listen closely.

Government does not solve problems; it subsidizes them.
Ronald Reagan