13/10/2011 10:31
Baghdad, October 13 / October (Rn) - The Iraqi Oil Ministry said Thursday it plans to increase its exports of crude oil during the next year to more than 2.5 million barrels per day, indicating that production is expected to reach 3.3 million barrels per day. The current production Iraq's crude oil, about 2.7 to 2.8 million barrels per day of crude oil and the export of more than two million barrels a day, and relies on imports to cover its budget finance up to 95 per cent. and postponed Iraq this week, the fourth round for the award of energy contracts to the seventh and eighth of March / next March, after it was due in January for technical reasons, which will be through contracts to explore for oil and gas in 12 new area. said ministry spokesman Assem Jihad told the Kurdish news agency (Rn), "The Ministry of Oil plans to increase its exports of crude oil over the next year 2012 to more than 2.5 million barrels a day. " He explained that "the national production currently average 2.9 million barrels a day, is expected to reach 3 million barrels by the end of this year." Jihad said that "The ministry is planning to reach national production of oil in the next year to 3.3 million barrels a day. " It is expected that Iraq begins to run one of the three ports of a new oil export in the Gulf in the first January in the development of a major effort to build export capacity for the disposal of increased production from the southern oil fields. and Iraq signed a set deals with major oil companies to increase production capacity to 12 million barrels per day by 2017, but Oil Minister Abdul Karim and coffee, said recently that the level of eight to 8.5 million barrels per day will be the appropriate target more and that the time required to achieve this may extend to 13 or 14 years. of : Haidar Ibrahim. Open: Abdullah Sabri
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