U.S. newspaper: Iraq beats Iran in the production of crude oil for the first time in 32 years

U.S. newspaper: Iraq beats Iran in the production of crude oil for the first time in 32 years

Saturday, August 11 / August 2012 22:50

[Follow-up – Where]

U.S. newspaper announced that Iraq excellence in production of crude oil to Iran.

According to a report in The Washington Post in its issue dated Saturday that “Iraq than in the production of crude oil to Iran to become the second largest exporter of crude oil in OPEC for the first time since late 1980.”

Promised U.S. newspaper in its report that “this is a quantum symbolic indicate the effects of the significant effects of international sanctions imposed on Iran on the one hand because of its nuclear program and the steady progress being witnessed by the energy industry of Iraq, on the other.” and noted that “the International Energy Agency released a report on this matter and reported that Iraq’s oil production has reached last month, 3 million barrels per day, the highest level since the American forces entered Iraq in 2003, at the same time saw the production of Iranian oil a retreat from the level of 3 million barrels a day last July for the first time in 20 years to reach 9.2 million barrels per day, so that last month was the first of its kind that demonstrated the effects of U.S. sanctions imposed on Iran and the ban imposed by the European Union on exports of Iranian crude oil along with the ban de facto global maritime insurance carriers Iranian oil. ”

He attributed this high Economists crude oil production in Iraq returns to the licensing rounds and patches exploratory concluded by Iraq with global oil companies.

For its part, expects the Commission on oil and energy parliamentary and in the words of Vice President Ali Fayad’s [where] that ” up crude oil production early next year 2013 to about 3 million barrels and a half million barrels a day. ”

The Organization of Petroleum Exporting Countries [OPEC] confirmed in a report Saturday on Iraq’s production rising to its highest level since 2003.

He added that Iraq’s oil production rose on a monthly basis, by 115 thousand barrels per day during the last month and that he exceeded the barrier of 3 million barrels for the first time since 2003, pointing out that the rate of production of Iraq oil hit three million and eighty thousand barrels per day in the month of July 2012 .

Also attributed the experts in the oil sector, the inability of Iraq to achieve quantum leaps in the production and export of oil and gas to the political problems and the absence of a law regulating the management of natural resources as law of oil and gas, and the conflict between the federal government and the Kurdistan region and the failure of the oil sector, local as well as the lack of transparency, corruption and bureaucratic administrative and other things that hinder and prevent investment firms from foreign competition in the market in the Iraqi oil and gas sector in spite of having a backup of these two quantities of articles which have made them among the countries in the world in this area. ended.
Source: alliraqnews