Oil: the rise in crude production to 3.5 million barrels per day, the end of the current year

Oil: the rise in crude production to 3.5 million barrels per day, the end of the current year

Saturday, August 24 / August 2013 18:29

Oil rig[Baghdad – where]

The Oil Ministry announced that Iraq’s production of crude oil will reach three and a half million barrels per day at the end of the year 2013.

And aspires Iraq to double oil production over the next three years, and aims to reach him in the long run to 12 million barrels per day, and is likely to experts to achieve the country’s OPEC member about half that level, because of the problems in the infrastructure, transport and logistics.

The spokesman said ministry spokesman Assem Jihad told all of Iraq [where] today that “Iraq will exceed the ceiling of its production of crude oil, three and a half million barrels per day end of the year after the intervention of an increase in exports from the month of September next and be the beginning of the increase of the field Garraf Dhi Qar province in the beginning of next month and a capacity of 35 thousand barrels in the month of October will enter the Majnoon field in Basra to production, like the West Qurna field, and after the Badra field in Wasit. ”

He added that “the production ceiling at the current stage exceeded three million and 250 thousand Bermaa,” adding that “Iraq is working to raise production, we can say that during the next few months of this year and early next year we will see an increase by 400 thousand barrels per day, which is reflected positively on volume of oil الصادارت and revenues. ”

On the possibility of lower exports in the ports of Basra because of maintenance work, which will begin by the Ministry of Oil soon said Jihad “to اتخوف in this area and that the maintenance work is patrol ports operate by the ministry to their need for that once in a while, and even in the event of maintenance do not affect the operation of Iraqi oil exports.”

The Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said during an energy conference held in India in 15 months in August now that “Iraq will be equipped with the president of oil in the world over the next two decades and the Asian countries and the Middle East ستكونان the largest market for the export of Iraqi oil. According to him Statement from his office.

The oil imports about 95% of Iraq’s budget, but so far no country’s law regulating its affairs after the failure of the House of Representatives Bdortih past and present to pass the oil and gas law, which was expected to rise oil situation in the event of approval.

The Organization of Petroleum Exporting Countries oil Be Iraq’s most prominent founders, announced on August 10 of the current decline in oil production because of the unrest in Iraq and Libya while plugging growing production from non-member states of the SCO in supply shortages.

The Oil Ministry announced a rise exported quantities of crude oil and fiscal revenue for the month of July compared with June reaching crude oil exports for the month of July [72] million barrels, and revenue generated seven billion and [272] million dollars. “Over 16.