Iraqi oil production at its highest in 20 years

[Hue Mi]

Iraqi oil production at its highest in 20 years

Date: Wednesday, 27-06-2012 08: 11 pm
Citizen-agencies

The British statement said Bloomberg spokesman Deputy Prime Minister for Energy Affairs Hussain Shahristani, Prince Abdul ilah Qasim as saying: that Iraqi crude oil production has risen to its highest level in 20 years with the escalation of oil field production alhalvaih.

Bob said by telephone from Baghdad: the» oil production exceeded 3.07 million barrels this month compared with 2.92 million barrels for may announced at OPEC's monthly report.

Alhalvaih field production will rise by 70 oil barrels per day starting from the first week of next month.

Vinayak said that the country would rise to» production of 3.4 million barrels a day by the end of this year after other oil fields development and production is expected to reach Iraq 4 million barrels per day over the next two years.

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[JWing]

By Kadhim Ajrash and Nayla Razzouk - Jun 26, 2012 3:14 AM PT



Iraq’s crude output rose to the highest in 20 years as the Halfaya field increased production.
Output exceeded 3.07 million barrels a day this month, Abdel Ilah Qassem al-Amir, a spokesman for Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said today in a telephone interview from Baghdad. That compares with a government figure of 2.92 million barrels a day for May published in OPEC’s monthly report on June 12.

Iraq, seeking to more than double oil output by 2015, is poised to overtake Iran as OPEC’s second-largest producer by the end of the year. Production at Halfaya will rise to 70,000 barrels a day in the first week of July, Ali Muarej, director general of the Iraqi state Missan Oil Co., which oversees the field, said on June 18.
The nation’s output will increase to 3.4 million barrels a day by the end of the year after the development of other oil fields, al-Amir said. Production capacity will rise to 4 million barrels a day in the next two years, he said.

http://www.bloomberg.com/news/2012-0...years-1-.html/