Oil Expert: Iraq will result in more than three million six hundred thousand barrels per day by the end of this year

[yota691]

Oil Expert: Iraq will result in more than three million six hundred thousand barrels per day by the end of this year

Date: Saturday 04/08/2012 13:20:34

Baghdad (news) .. Expected oil expert Hamza jeweler, that Iraq will be the end of the year to two million and six hundred barrels of oil per day, indicating that the production (GDP) will reach more than three million and four hundred barrels.

said Jeweler (of the Agency news) on Saturday: The rise of oil exports in the month of July to two million, (515) is the stage of good, and indicates direct action and continuing to the winning companies in licensing rounds, indicating the following: that (17) field of oil under development and will be completed the end of the (2012) to become oil exports end of the year to two million and (600) barrels per day. added Jeweler: that the goal which was drawn by the oil ministry since the beginning of the year (2012) for its oil exports is to increase its exports to two million and (600) barrel end of the year will be achieved this goal as a result of the work of oil companies and the development of more than (17) field of oil in the whole of Iraq. and between: that production processes will continue as a result of continued exploration and development of oil fields. He Jeweler: the absence of any fears of a decline in oil exports as a result of domestic consumption, which has (600) barrels per day for consumption in the operation of power stations and consumption of homes or a lack of little consequence to the realization of maintenance in some fields that lead to the stoppage or stop the export from ports in the Gulf. / End / 21. j. N /

http://www.ikhnews.com/news.php?action=view&id=50920

[unirod]

Is there any country on earth that pumps this much oil and has a near worthless currency unit?

THX Yota

[Elixirbaby]

Based on what they budgeted for that would be 306,000,000 million dollars a day.

[asad]

Is there any country on earth that pumps this much oil and has a near worthless currency unit?

THX Yota

Sao tome and priciple check them out

[audigger]

they better hurry up and agree on an oil and gas law

The Ministry of Natural Resources in Kurdistan Regional Government (KRG) threatened on Sunday that it will stop its oil exports at the end this month if Baghdad did not paid the dues of the oil companies operating in the region.

The ministry had decided to resume oil exports this month, by 100 thousand barrels per day in order to promote confidence between Baghdad and Erbil and address problems related to the oil and gas file while Baghdad called on to pay the dues of the international oil companies operating in the oil fields in the region.

The Minister of Natural Resources of Kurdistan , Ashti Hawrami said in a statement in which "Shafaq News" has received a copy of it , that" the oil export will last for one month, and in the case of not paying the dues of the oil companies then Erbil will stop exporting in the 31 of this month ."

For his part, the administrative head of the company Kinel Energy, Tony Hayward has said in a letter to Hawrami that "his company had not received the majority of its dues from exporting oil for the period from 2009 to 2011 from Baghdad government, and this carries a large impact on the company's activities."

KRG began in mid-2009 to pump oil to strategic pipe connecting to the Turkish port of Ceyhan by about 100 thousand barrels per day, and then raised the amount to 175 thousand barrels per day in mid-2011.

A crisis has erupted between Baghdad and Erbil on the background of the region’s stop from pumping oil until further notice, due to differences with Baghdad and the "lack of its commitment " in paying dues to the international oil companies operating in it, while the Deputy Prime Minister for Energy, Hussain al-Shahristani had confirmed last April, that Kurdistan government prevented Iraqis from six billion and $ 650 million during the past two years 2010 and 2011 because of its failure to export oil, and expected the deprivation to reach higher levels during the current year.

[uncirculd]

How are they going to pump more oil if they don't pay for the oil already pumped. That oil and gas law is important. Until it is law, it might be difficult to hold the GOI responsible. Wow, I think when your an oil giant as Exxon etc then you can afford to play the game with the GOI until they settle their differences.