Maymay Posted September 12, 2011 Report Share Posted September 12, 2011 11 Sep 2011 Iraq eyes 3 mln bpd oil output by year-end: minister AMMAN, Sep 11, 2011 (AFP) - Iraqi Oil Minister Abdelkarim al-Luaybi said on Sunday that his country is seeking to produce three million barrels of crude per day by the end of the year. "We seek with international companies to produce three million barrels by the end of 2011, and export 2.5 million barrels next year," Luaybi told a conference in the Jordanian capital, which is being attended by 46 oil firms."We are implementing a plan that is unprecedented in the history of Iraq's oil industry, multiplying oil and gas production to four times and building gigantic infrastructure and projects to turn Iraq into a key energy source in the world." Iraq currently produces around 2.7 million barrels of oil per day (bpd), and the government is aiming to increase that to 12 million bpd by 2017, although the IMF has voiced doubts over whether that target is attainable. Oil accounts for the lion's share of government income, with Iraq exporting around 2.2 million bpd.Last month, Iraq's cabinet approved a draft oil and gas law in a bid to regulate the country's most lucrative sector after years of political deadlock. The new law divides responsibility for the oil sector between the central government and the provinces but even before its passage, foreign investors still poured in, signing 11 major contracts which could potentially boost Iraq's output fivefold.kt-akh/kir http://www.zawya.com/story.cfm/sidANA20110911T083305ZHQV75/lok083309110911/Iraq_eyes_3_mln_bpd_oil_output_by_yearend_minister?&zawyaemailmarketing 1 1 Link to comment Share on other sites More sharing options...
THINK..... Posted September 12, 2011 Report Share Posted September 12, 2011 Like the hangman says, "There's no noose like good noose". 1 Link to comment Share on other sites More sharing options...
RodandStaff Posted September 12, 2011 Report Share Posted September 12, 2011 Like the hangman says, "There's no noose like good noose". That noose man sounds a bit Swedish or Norwegian to me! Don't ask me to break out any Sven and Ollie jokes, the DV will never be the same! They might also find a noose for my goose! Letter rip boyz... progress, that is what we like! Might be a good investment opportunity over there once we put this one to bed! GO RV Already Baby!!! 1 Link to comment Share on other sites More sharing options...
powerpager Posted September 12, 2011 Report Share Posted September 12, 2011 or 2012 !!! Link to comment Share on other sites More sharing options...
Linda Bower Posted September 12, 2011 Report Share Posted September 12, 2011 Are you assuming this article is saying the HCL is passed by what you have highlighted in Red? It is true the cabinet has approved this copy of the HCL, according to other articles, but when it was presented to parliament for a vote, it was disputed by the Kurds and that dispute has not been appeased yet. Hopefully it will be soon! 1 Link to comment Share on other sites More sharing options...
k98nights Posted September 12, 2011 Report Share Posted September 12, 2011 Not passed yet. The Parliament is not the Cabinet. Link to comment Share on other sites More sharing options...
krome2ez Posted September 12, 2011 Report Share Posted September 12, 2011 Thanks K98 for the post. We are inching ever so close. Link to comment Share on other sites More sharing options...
tim5400 Posted September 12, 2011 Report Share Posted September 12, 2011 It seems they are finally serious about passing the HCL....with some minor tweeking I think they should be on the verge of passinf it ....I HOPE Link to comment Share on other sites More sharing options...
vvalley Posted September 12, 2011 Report Share Posted September 12, 2011 Like the hangman says, "There's no noose like good noose". I like the way you think... Think.... Veronica Link to comment Share on other sites More sharing options...
Ridewithme38 Posted September 12, 2011 Report Share Posted September 12, 2011 (edited) Might be a good investmentopportunit y over there once we put this one to bed! THIS, is why i watch Iraq and the Dinar so closely....i KNOW once they clean up the mess they've made of their currency and pass a few laws, investment opportunities all over Iraq will open up, and REAL money can be made Edited September 12, 2011 by Ridewithme38 1 Link to comment Share on other sites More sharing options...
Maymay Posted September 12, 2011 Author Report Share Posted September 12, 2011 Are you assuming this article is saying the HCL is passed by what you have highlighted in Red? It is true the cabinet has approved this copy of the HCL, according to other articles, but when it was presented to parliament for a vote, it was disputed by the Kurds and that dispute has not been appeased yet. Hopefully it will be soon! Hi Linda, no draft doesn't mean passing you know that and so do I. But it's a step in the right direction. Thanks for everyones replies! Link to comment Share on other sites More sharing options...
JLUV Posted September 12, 2011 Report Share Posted September 12, 2011 DO IT ALREADY!!! Link to comment Share on other sites More sharing options...
THINK..... Posted September 12, 2011 Report Share Posted September 12, 2011 That noose man sounds a bit Swedish or Norwegian to me! Actually RodandStaff it's a Mel Brooks line. Link to comment Share on other sites More sharing options...
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