Iraq has a plan to increase oil exports to 3 million b / d this year

23/03/2012 13:11

Baghdad, March 23 / ​​March (Rn) – The Iraqi Oil Ministry said Friday it has developed a plan to raise the country’s oil exports this year to 3 million barrels per day from about 2.1 million barrels per day at this time. and according to the plan included in the budget of Iraq’s financial for the current year is supposed that the volume of exports to 2.6 million barrels and an average price of $ 85 per barrel to cover about 95 per cent of the budget.said… Iraqi Oil Minister Abdul Karim and coffee, told the Kurdish news agency (Rn) that “The oil ministry has developed a roadmap to address the problems that hinder the lifting of Iraq oil exports to 3 million barrels per day in 2012. ” He explained that the plan focuses on the development of export through the port of Ceyhan and promote export of Iraq by truck to Jordan as well as entry ports floating of the service this year. and Iraq has begun operation of a port new floating on the eighth of March March , and has uploaded a tanker with two million barrels of oil by 13 March, but stopped working since then. and the port is the first that has been run from the four ports of export capacity projected for each of them 850 thousand barrels per day and will increase the export capacity of the country to more than double.and delayed operation of the port the first weeks due to bad weather in the Gulf. Over the decades, influenced by Iraq’s oil production weak infrastructure by war, sanctions, and lacked the energy export enough to coast on the Gulf. Iraq said this month that production exceeded three million barrels per day for the first time since 1979. He pointed to the coffee that Iraq’s exports could exceed this month, 2.2 million barrels a day. It was hoped to export a larger amount but the inclement weather in the southern ports prevented it. “You can deal with it in the coming months.” The exports of Iraqi crude oil has fallen to 2.014 million barrels per day in February from 2.106 million barrels per day in January the second in January and announced Iraq’s plans in the past few years to increase production rapidly concluded huge deals with international companies and a target production of up to 12 million barrels per day in the long run.While most analysts say the industry that this goal too ambitious, the increase in production to lesbian to reach six million barrels per day seems more realistic and will make Iraq’s second-largest oil producer in OPEC after Saudi Arabia and one of the largest sources of new oil in the world in the coming years. From: Jafar Allonan. Open: Abdullah Sabri