Ministry of Oil: Iraq will produce about 3 million b / d next year
21/09/2011 15:23
Baghdad, September 21 / September (Rn) - The Iraqi Oil Ministry Wednesday that Iraq will produce more than three million barrels per day next year as part of a plan drawn up also includes raising the export of about 2.5 million barrels a day. and Iraq currently produces about 2.7 million barrels. But the rate is not constant due to the weather or technical problems. He said ministry spokesman Assem Jihad, Oil, told the Kurdish news agency (Rn) "and we plan to produce three million and 200 thousand barrels (per day)." He pointed out that the plan prepared for the next year and said it also includes export 2.5 million barrels a day. and Oil Minister Abdul-Karim Luaibi earlier that Iraq's oil exports in August / August amounted to 2.2 million barrels per day on average. and Iraq had signed contracts with international companies to develop 11 oil fields discovered in the three rounds of the licenses of would raise the country's production of crude oil to 12 million barrels per day within the next six years. Iraq has the fourth-largest oil reserves in the world, and are oil revenues, 95 percent of revenue. and down crude exports last July to 2.164 million barrels per day of 2.275 million barrels per day last June with an increased consumption of crude oil to satisfy growing domestic demand for fuel under the hot weather. From: Jafar Allonan. Manufacturing of: Walid al-Zaidi. Open: Murtaza Yousuf
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