Iraq's production rises to its highest level in 11 years and has 2.81 million barrels
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    Senior Member newmonies's Avatar
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    Iraq's production rises to its highest level in 11 years and has 2.81 million barrels

    28-09-2011 | (Voice of Iraq) - Russia Today
    News agency Bloomberg for President of the Energy Committee in the Iraqi parliament, Adnan al-Janabi, the size of Iraq's oil output rose to its highest level since one years old, was (2.81) million barrels per day, revealed al-Janabi's plans to raise production by about 1.8 times, so will about five million barrels a day.
    He expressed his belief that al-Janabi, the Organization of Petroleum Exporting Countries "OPEC" will not mind this, note that Iraq is the only organization that does not require specific quotas for production. Finally, representatives of OPEC announced that the organization will impose a quota on Iraq within four to five years. The total oil production in the field of "West Qurna-2" 350 thousand barrels per day, and this increases by about 30 percent of the level of March / last March. The government plans to raise production of field "crazy" about (2,3) time in the next year, ie, to 175 thousand barrels.

    The Iraqi government previously announced that it plans to raise production in the current year to three million barrels a day, to up production to 12 million barrels in 2017, and held Iraq in the last two rounds of bidding to invest in a number of oil fields and development, and won the first round of company "BP" the Anglo-Dutch, and "Snopk" China to develop Rumaila, and won the company "Lukoil" Russian with Stat Hydro contract to develop the field of "West Qurna-2," also won "Gazprom oil" with an international coalition to develop the field, "Badra" which two billion barrels of reserves.



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    Senior Member newmonies's Avatar
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    Sorry, here is the complete link:
    http://translate.google.com/translat...ogle.com&twu=1
    "Truth is everlasting, but our ideas about truth are changeable. Only a little of the first fruits of wisdom, only a few fragments of the boundless heights and depths of truth, have I been able to gather"

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