International Energy: Iraq will become the largest shareholder of OPEC production during the next two years

[yota691]

International Energy: Iraq will become the largest shareholder of OPEC production during the next two years

By Adminsa eight thirty-four 10/2/2015 | Views: 485

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Brother - Follow-up

Promised the International Energy Agency, on Tuesday, Iraq's second-largest contributor to oil production over the past year in 2014, but pointed out that Iraq's production rate reached during last December to more than three million barrels per day, and as pointed out that the oil production of Iraq has declined for two months After the tenth of June events, suggested that Iraq will be over the next two years as the largest contributor to oil production in OPEC.

The International Energy Agency said in a statement the transfer site that Aanerjee News US Department of Energy, and briefed him for News Agency (et) "that in spite of heightened security threats arising from the organization (Daash), and stalled production operations in Kurdistan, the Iraqi crude oil production rate during the year 2014 was around 3.4 million barrels per day higher than 2013 production rates of up to 330 thousand barrels per day. "

The agency added that "there are five main parties have contributed to the further growth of the global market equipment rate of the oil came the first prize of the United States, where the public saw the 2014 increase of daily production up to 1.56 million barrels per day, followed by Iraq, an increase in the daily production of up to 330 thousand barrels per day and then Canada, followed by Brazil Then Iran with an increase at the rate of 180 thousand barrels per day. "

The agency added that "monthly oil production rates in Iraq fell to its lowest level during the months of July and August after the attack by the organization (Daash), on Iraq," pointing out that "the production began growing, starting from August until December, 600 thousand barrels per day indicator the presence of increasing the production of Iraq's southern fields as well as increased rates of production of the Kurdistan oil fields following the implementation of projects to expand infrastructure and the recovery of the production of the Kirkuk oil field. "

 

Confirmed the agency, that "the Iraqi crude production rate in December reached 3.75 million barrels per day, the highest standard rate is received Iraq in production for years," likely to "Iraq continues through the next two years as the largest contributor among OPEC countries the growth of global oil production equipment." .

 

[Wiljor]

Make Iraq secure and they will be the jewel of the Middle East.

[billbill]

Looks good to me!!! Thanks Yota!!

[AJC]

Make Iraq secure and they will be the jewel of the Middle East.

I agree 100%

[RV on my mind]

Go Iraq!  Hopefully they can take out the trach very soon and move on to a brighter furture along with all of us!  

Edited February 10, 2015 by RV on my mind

[MyLadiesDaddy]

Make Iraq secure and they will be the jewel of the Middle East.

Revelation. Yes they will.

[dontlop]

This is good

I believe they started OPEC in baghdad iraq , they should get a good share of it

m Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members

[wbuse984]

DL...thanks for the comment, good to know...I like that you like this development ... :bump: :twothumbs:

Edited February 10, 2015 by wbuse984

[Badrabbit]

LGD: you are so right.

[ChuckFinley]

I believe that IQD is worth something, regardless what they say.

[leanonme]

Ka-Ching!