Robust Oili ndustry Growth

[BradyBear]

Greetings,

 

I was reading my Iraqi news today and have good cause to feel the RV will be mid 2014 if not earlier:

 

Thamir Ghadhban (pictured), chairman of the advisory commission to Iraq’s Council of Ministers, has said that he expects a robust return to growth next year as foreign companies push output from the southern oilfields to new records.

Output is expected to rise by at least 500,000 barrels per day to an average of 3.5 million bpd, as the Majnoon, Garraf and Halfaya oilfields ramp up, and the Badra field comes on line.

Production this year is likely to average more than 3 million bpd, slightly up on 2012, but by the end of the year rates are likely to reach a level of 3.5 million bpd, added the former oil minister.

 

Have a Great Day,

BradyBear