Shahristani: Iraq’s oil production will rise during 2015 to six million barrels per day
Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, Wednesday, that Iraq’s oil production will rise during 2015 to six million barrels a day, as he emphasized that Iraq’s production from now until 2020, fills 45% of asked surplus Alinvatifi world.
Shahristani said in a speech during the celebration of the launch of the International Energy Agency on the prospects for oil in Iraq, and attended “Alsumaria News”, “Iraq had used 15% of the stored current oil, while Gulf states used 23% of its stock.”
Shahristani said that “Iraq will reach production during 2015, from five to six million barrels per day,” adding that “production from now until 2020, fills 45% of the demand surplus oil in the world.”
The Iraqi Oil Ministry announced, early October 2012, the high oil exports during the month of September last year to 2.6 million barrels per day on average, registered its highest level in three decades, compared with 2.565 million barrels per day in August, saying that the revenue received from exports oil during the month of September amounted to $ 8.4 billion.
The Ministry of Oil in Baghdad, on July 23, 2012, Iraq’s oil exports decline for the month of June increased by 4 million barrels compared to May last year, noting that this decline impact on fiscal revenue by more than one billion dollars.
The ministry also announced on 18 January 2012 for a plan to increase oil production during the current year to three million and 400 thousand barrels per day and to increase its oil exports to 2.6 million barrels per day.
The Deputy Prime Minister for Energy Affairs Hussain al-Shahristani, on June 27, 2012, that Iraq possesses 11% of the total global oil reserves.
The Iraqi Oil Ministry announced, in the June 21, 2012, that Iraq’s revenues during the first four months of the current year 2012 amounted to about $ 31 billion, noting that the average prices that have been on the basis of sales of more than $ 114 per barrel.
Iraq exports crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as Turkish port of Ceyhan on the Mediterranean Sea, and through the truck by truck to Jordan, and percentage of Iraqi exports from the Basra oil about 90 percent, while the remaining issue of Kirkuk’s oil fields north country through the Turkish port of Ceyhan.
It is noteworthy that Iraq produces about 2.7 million barrels of crude oil per day, and expects the Iraqi Oil Ministry to increase its production ceiling to three million barrels late 2011, while total exports of Iraqi crude oil of about 2.1 million barrels per day, and most of those quantities exported by tankers freely During the ports of Basra (virgin deep) and Amaya Alaaúmin, and are located within Iraqi territorial waters and pumped to two oil through pipes freely relate warehouses storing coastal located near the center of Faw, about 100 km south of the city of Basra, while exports quantities produced from the northern fields to the port Ceyhan on the coast of the Mediterranean through a tube conveyor, and the remaining quantities exported to Jordan using pelvic carriers.