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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq seeks to overcome the limitations and access to the oil produced record average achieved by ear

    Rocky
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    • Post n°1

    Iraq seeks to overcome the limitations and access to the oil produced record average achieved by ear Empty Iraq seeks to overcome the limitations and access to the oil produced record average achieved by ear

    Post by Rocky Thu 26 May 2016, 11:01 am

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    Iraqi oil fields
    Iraq seeks to overcome the limitations and access to the oil produced record average achieved by early 2016


    Author: HAA 
    Editor: BK 25/5/2016 17:27 Number ofViews: 1134 



    Long-Presse / Baghdad
    Confirmed Iraq, said on Wednesday his intention to overcome the constraints that hinder the increase in oil production and bring it back to the "Standard" level achieved by the beginning of the current 2016 of four million and 800 thousand barrels per day, while globally known financial newspaper suggested that the transformation of the financial crisis facing Baghdad currently without achieving its ambition to produce about six million barrels by 2020.
    This came in an interview conducted by the Financial Times Financial Times British, with Iraq's ambassador to the Organization of Petroleum Exporting Countries (OPEC), the national oil company marketing director of SOMO, Falah al-Amiri, while attending the Iraq Oil Conference, held in London Currently, followed up (range Press ).
    Amery said, that "Iraq has been struggling to reach the January 2016 production rates, which amounted to nearly four million and 800 thousand barrels per day, exceeding the determinants of poor weather conditions and the scarcity of electricity as well as the decision to stop the production of 170 thousand barrels of Kirkuk oilfields," noting that " Iraq's current production stands at four million and 500 thousand barrels. "
    The director of SOMO, that there is "a lack of production rates up to 300 thousand barrels," noting that "shortage of electric power equipment impact in the production of the southern oil fields rates, which led to a decrease of $ 70 thousand barrels, as well as being led to the slow pace of Iraqi exports through of May, with rates from these fields it ranged from 3.25 to 3.35 million barrels. "
    The newspaper reported that "Iraq is the second largest oil producer in OPEC after Saudi Arabia and has an ambitious plan to increase its production capacity to five million and 500 thousand to six million barrels by 2020," afterthought "but this goal has become uncertain as a result of the repercussions of the state budget crisis and the weak potential in financing receivables international oil companies, which was revised during the past months and reduce the production ceiling target. "
    She Financial Times, specialized economic affairs, that in spite of this, "the oil fields need more investments to maintain the sustainability of the current rates of production and increase in the future, although the Iraqi government asks companies to reduce Anfacaha."
    Quoted the F.T, for one of the executives in one of the international oil companies operating in Iraq, saying, "The oil companies operating in Iraq face a lot of difficulties to maintain production rates as they are, at a time when the government did not reimburse those companies out of funds "stressing that those" companies will not be able to continue current production Bmadlath for two or three more, but with that Iraq may be able to produce six million barrels per day by the year 2030 ".
    According to Foundation Wood Mackenzie Wood British Mackenzie Consulting and Energy Research, the "international oil companies operating in Iraq was supposed to have received from Baghdad $ 62 billion for investment projects being conducted to develop the fields, and that during the period from 2009 to 2015," afterthought " but information received from the oil ministry show that the Iraqi government had paid those companies $ 43 billion only during that period, and they have been paid five billion dollars of benefits for companies in the current 2016 ".
    The introductory information for the program oil loading, shown in the (tenth of May of the current 2016), Iraq's intention to strengthen the southern oilfields exports during 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 Asian market. 




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