02/11/2011 13:29
Erbil, November 2 (Rn) - increased recently Iraq's oil production amid expectations of experts to inform the production levels of the Iraqi black gold, during the next few years, the output of Saudi Arabia, the largest exporter of oil within the "OPEC." quoted by U.S. television network " CNN "for U.S. Energy Information Administration as saying that Iraq's oil production jumped last year by 13 per cent, from 2.3 to 2.6 million barrels a day, note that the ceiling of production during the period that followed the U.S. invasion ranged at two million barrels per day. The Circle American that an increase in production occurred during the past few months, one of the reasons that prompted experts to predict the action by Saudi Arabia to reduce the Kingdom's production of oil. Economists expected a jump in production from Iraq in the coming years and that it may nearing the production of Saudi oil, in a move that could raise a number of questions from including the impact on global oil prices, and how to divide the proceeds. produces the Kingdom of Saudi Arabia more than 9.5 million barrels per day of crude oil. It is noteworthy that Iraq, which is preparing the remains of U.S. troops to leave the end of this year, has the fourth-largest oil reserves, according to estimates by the Department U.S. Energy Information. It is also one of the largest producers of oil and gas in the world, but that the sector suffered a long period spanning several decades, as a result of mismanagement and the economic embargo on the regime of the late President, Saddam Hussein, then the U.S. invasion of Iraq. The Iraqi government has begun In recent years, providing large contracts to major oil companies in a bid to boost production, and Baghdad says that the production of the country will reach 12 million barrels per day by 2017. received the Iraqi government last July, billions of dollars in revenue from the sale of oil, which was subject to the supervision of the Commission an international agency of the United Nations, in the wake of the U.S. invasion. and declared the UN Security Council formally ended tasks "body control and international advice", which was to be supervised on the "Development Fund for Iraq," the private returns to export oil in the June 30 last, and the transfer of those functions to the Iraqi government. The Security Council passed a resolution establishing the Development Fund for Iraq in May / May 2003, a month after the overthrow of the former regime at the hands of international forces led by America, so that the deposit of proceeds from the sale of oil in this fund, instead of the "oil-for- food ", which allowed the regime of Saddam Hussein to use some of the proceeds for humanitarian purposes. Open: Abdullah Sabri
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