[You must be registered and logged in to see this image.]Iraq plans to increase exports of the southern fields to 3.5 million barrels per day BAGHDAD / Reuters - long-Presse
The Oil Ministry announced, on Wednesday, rising dry gas and liquid production to more than 6,000 Mqmq daily, stressing that thesecurity and economic challenges will not bean obstacle to achieving the goals that serve the oil and gas industry, with introductory information for the program oil loading showed Iraq 's intention to strengthen his fields exports South through next June to three million and 470 thousand barrels per day. the agent said the oil ministry for the gas industry Hamid Yunis , in a statement received "long - Presse," a copy of it, " the national production of gas has risen thanks to the optimum use of gas," adding that "production Dry gas has risen to 1100 Mqmq day high liquid gas to 5000 Mqmq a day. " He said Younis that" what has been achieved in this sector comes thanks to the ambitious plans of the Ministry in theoptimal investment of gas associated with the oil operations of all the oil fields. " He pointed Younis that" increase in production will be reflected positively on the economic and industrial caught up and provides significant revenue the federal treasury through recruitment and conversion scorched energy into useful energy and a surplus for export abroad , "stressing that" security and economic challenges will not shift or an obstacle to achieving the goals that serve the oil and gas industry. " The oil Ministry announced onWednesday (February 10, 2016), the opening of the first phase of gas investment associated gas from Majnoon oil field , 70 million cubic meters per day, pointing to a decline associated gas to 45% burn. The oil Minister Adel Abdul - Mahdi, may announced that the Basra gas company , which was founded in 2012 ispreparing these days for the export of surplus for domestic consumption of natural gas, and liquid gas, and thus Iraq enters for the first time in a growing and sustainable club of gas exporting countries. According topreliminary estimates that Iraq possessed stockpiles estimated at 112 trillion cubic feet of gas, but the 700 million cubic feet of it was burning day and wasted due to lack of infrastructure to deal with it . Iraq and eliminates ranked eleventh among the world 's rich natural gas after Russia and Iran, Qatar, Saudi Arabia and the United Arab Emirates and the United States, Nigeria, Venezuela and Algeria, and of proven reserves with about 112 trillion cubic feet. As introductory information for program - oil loading shown, on Wednesday, Iraq 's intention to strengthen exports South fields, through next June, to three million and 470 thousand barrels per day, the number exceeds one hundred thousand barrels, "standard" rate achieved during November 2015, Basrah, indicating that it may expose Alsnov disparate so crude price pressures in the market Asian. she said the agency (Reuters) in a report I followed ( the long - Presse) that " the export of Iraqi oil in June, will see asignificant increase on average during the May current, as it will be released Iraq nearly 3,000,470 thousand barrels", usually that of "such increase exposing Alsnov disparate ore Basra to price pressures in the Asian market. " According to the agency, that" Basra light crude and heavy may sell at most times of the year thecurrent 2016, competitive bidding at a rate of one dollar lower than the official selling price in the Asian market, boosted by growing demand from countries Asia and the United States. " she told Reuters that" Basra crude heavy constitute most of the projected increase over the next June, at a rate of 900 thousand barrels per day , "arguing that" it is higher than the rate of production Decree current to May, of 645 thousand barrels per day. " and predicted the agency, " The production of Basrah light crude rate stands for June next, when 2,000,570 barrels per day , " and added that it "would be a little more than may , the current production rate of 2,000,440 thousand barrels a day." a spokesman for the oil Ministry, Assem Jihad, may confirmed in a statement that, in the (second from May current 2016), received a (long - Presse) a copy of it, that last April 's exports rose an export record unprecedented in the daily rates of the southern ports , which reached three million and 364 thousand barrels per day. revealed Reuters, the identification of the Iranian Ministry of oil percentage discount on the official sale of heavy crude oil exported to the Asian market worth of$ 1.60 per barrel, as indicated it bigger discount percentage conducted by Tehran in exchange for Iraqi oil and Saudi Arabia since 2007, confirmed that the measure would raise the competitiveness of the acquisition of the largest share of export to Asian markets. She Rotarz, "Iran introduced a percentage discount on the official selling prices for heavy oil for export to the Asian market, for the next month of June , " indicating that " thebigger discount rate of return for Iraqi crude oil prices and Saudi Arabia since 2007." Said a Reuters report, that " the price of oil crude Iran for the month of June will be increased to $ 1.60 discount per barrel , which is less than the rate of the price of crude Oman / Dubai , "pointing out that" this price is less than Saudi crude price by 30 cents, and Basrah light crude supply oil at 20 cents , which will raise the rate compete to acquire a larger share of the export market. " Iran has carried out an amendment to the price of the official crude for the Asian market at the beginning of each chapter, after negotiating with its customers, where the course ofthis year to make three changes for its crude prices for each of the months of March and April and June.landing oil prices, on Wednesday, amid expectations of a gradual increase in oil sands production in Canada after the cessation of some production due to forest fires there while the markets to come under pressure due to the standard crude stocks, particularly in the United States. as prices negatively affected the battle circuit between crude oil producers in the Middle East market share in Asia, offsetting the impact of lower production and the disruption of some of the parts of the world. It was the world London Brent crude traded in the futures price of $ 45.44 a barrel by 0702 GMT , down eight cents above the price at the previous settlement, while contracts fell Futures for WTI US mediator 16 cents to $ 44.51 a barrel. the Bank ANZ said that " the increase recorded by the recent price" curbed receding fears of further production disruptions in Canada at a time when producers are looking forward to return to their operations. " and it began sanding oil companies in Fort McMurray energy Center in Canada to resume operations on Tuesday after it was forced to stop production for a week because of a forest fire out of control.