Iraq's oil production back above 2.5 mln bopd

[BIG WAVE]

WASHINGTON (AFX) - Iraq's oil production is now over 2.5 mln barrels a day, a record since the fall of Saddam Hussein, the country's oil minister said Sunday.

Oil Minister Hussein Shahristani said on US television that Iraq hoped to be producing 4.3 mln bopd by 2010 and to be challenging Saudi Arabia as the world's largest producer by 2015.

Shahristani emphasized that only one month and three days after the Iraqi government took office "we have been able to break a record".

He said Iraq hoped to increase production to 2.6-2.7 mln bopd by the end of the year, to 4.3 mln by 2010, which would be a new all-time record for Iraq. The minister said Iraq's highest oil production was 3.5 mln bopd a day.
"Our ultimate aim is to reach more than 6 mln bopd, hopefully by 2012.
"And needless to say, Iraq holds one of the largest reserves of oil and gas in the world, and we are determined to prove it has the largest world reserve."
The oil minister said that by 2015, Iraq could challenge Saudi Arabia as the world's largest oil producer.
http://orange.advfn.com/news_Iraq-s-oil-production-back-above-2-5-mln-bopd_15901484.html

[niss0001]

This is exciting news, Iraq is on its way up, up to the top! Thank you BW for all your informative post they are very much appreciated.

[Tenndinar]

I bet we see 3 mbpd by the end of the year! Did not expect it to jump up that fast!

SWEEEEEET!:happy64: :happy64: :happy64:

[Fistfull/Dollars]

Solid news Big Wave that all can be happy and agree with.

[dinarmad]

They must have really cracked down on the people stealing the oil. I remember there was a thread not to long ago saying they was going after the people taking the truck loads of it thanks again B.W.Once again your on top of things!!!

[Weston]

well tey just opened the Turkey Pipeline thats a big chunk of oil now to open some new oil fields..get some foreign investment in, privatize the oil industry (while giving people shares in the company to make money. a win win for everyone)

[Switchgear]

Yes. Thanks again BIG WAVE!! You are the Mack Daddy of positive research on IIF. Definately good news!!!! :)

[panhead]

Yes. Thanks again BIG WAVE!! You are the Mack Daddy of positive research on IIF. Definately good news!!!! :)

Big Wave strikes again!

[Lonestar]

All this and they are down to only one offshore loading station still I beleibve. That is great news.

[Garym]

OK at 70 dollars a barel that's 175 million dollars per day. Tell me that won't do anything for their currency.

[MEALTICKET]

WASHINGTON (AFX) - Iraq's oil production is now over 2.5 mln barrels a day, a record since the fall of Saddam Hussein, the country's oil minister said Sunday.

Oil Minister Hussein Shahristani said on US television that Iraq hoped to be producing 4.3 mln bopd by 2010 and to be challenging Saudi Arabia as the world's largest producer by 2015.

Shahristani emphasized that only one month and three days after the Iraqi government took office "we have been able to break a record".

He said Iraq hoped to increase production to 2.6-2.7 mln bopd by the end of the year, to 4.3 mln by 2010, which would be a new all-time record for Iraq. The minister said Iraq's highest oil production was 3.5 mln bopd a day.
"Our ultimate aim is to reach more than 6 mln bopd, hopefully by 2012.
"And needless to say, Iraq holds one of the largest reserves of oil and gas in the world, and we are determined to prove it has the largest world reserve."
The oil minister said that by 2015, Iraq could challenge Saudi Arabia as the world's largest oil producer.
http://orange.advfn.com/news_Iraq-s-oil-production-back-above-2-5-mln-bopd_15901484.html


This pretty big news. I say Iraq will be the leading producer in oil before 2010!
Just my guess!:lmao:

[sincityplayah]

Are there additional sources to back this up? actual data would be great, then I will believe it and feel much more better.