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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 is seeking to produce five million barrels in 2017

    Rocky
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    • Post n°1

    Iraq is seeking to produce five million barrels in 2017 Empty Iraq is seeking to produce five million barrels in 2017

    Post by Rocky Wed 17 Aug 2016, 6:57 am

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    2016/08/17 | 12:51

    (Encyclopedia of the Day News | [You must be registered and logged in to see this link.] ) - Economy News follow - up at a time when oil marketing company SOMO said it, that Iraq 's production amounted to 4.632 million barrels per day of crude oil in July , up from 4.559 million bpd in June, the oil ministry confirmed pursuit to raise fields run Missan oil company to 700,000 barrels per day by the production. 

    the ministry said in a statement, that the current production fields Maysan combined stands at 360 thousand barrels, and that the ministry plans aiming to reach more than 700 thousand barrels per day after the development of Halfaya and Bazargan fields and loose change, Maysan and Architecture and the light. 

    and calculates the difference between the current output target in Maysan, the fields of the anticipated increase in Iraq 's total production will be around 5 million barrels per day, while the ministry confirmed that the figure does not include what is produced in the Kurdistan region of $ 461 million in July , for example. 

    the official data showed that Iraq produced 4.775 million barrels per day last January. 

    rose Iraq 's production of crude oil in July, reaching its highest level since January with the return of supplies gradually back on track despite the drop in oil prices and the conflict with al Daesh terrorist. 

    he said the ministry, week the past, said that «oil exports from Iraq 's southern ports has increased to 3.2 million barrels per day on average in July , compared to 3.175 million bpd in June , despite the South 's exports disrupted by a leak in a pipeline». 

    repercussions of the spending cuts are expected and analysts Iraqi officials in the oil sector more growth in Iraq 'sexports in the current year although it will be slower from last year 's pace when Iraq has made ​​the largest increase in supply within the Organization of Petroleum exporting countries , OPEC. 

    and warned foreign oil companies operating in Iraq to increase production projects will be delayed if Baghdad hasreduced spending due to low prices oil and the war on organizing Daesh terrorist. 

    the Reuters poll showed that supplies from OPEC increased to 33.41 million barrels per day in July , compared to33.31 million barrels in June. 

    the July announced by SOMO higher Iraqi production , which of the survey estimated 4.32 million barrels per day production. 

    the increased supply since the abandonment of OPEC in 2014 for its historic role to reduce supply to support prices with increased pumping oil from the large producing countries such as Iraq and Saudi Arabia, and Iran , which said yesterday that it pumped 3.85 million barrels of crude per day and exported 2.2 million barrels per day in July. 

    licenses National and effort in the same regard, the new oil minister Jabbar Laibi announced his intention to review the oil licensing rounds with international companies and increase oil production, stressing that it is in the process of resorting to investment and national effort on the issue of gas, while the energy Committee in Iraq held ameeting to discuss oil and gas production plans . 

    Committee held ministerial energy meeting to discuss oil and gas production plans, at a time when oil minister ,confirmed the existence of the list between the federal government and the Kurdistan Regional government to theproblems and resolve of solutions reviewing oil licensing rounds, according to a statement to the Office of thePrime Minister Haider al - Abadi. 

    the statement said that « the meeting discussed several resolutions energy belong to the country, including theoperation and maintenance of a project to raise the export capacity of the SOC and provide the needs of the Arar border port of the material gas oil for generators and develop the Halfaya field ». the 

    statement continued that« also been discussed water injection project in the west field Alqrnhottaghiz high pressure Towers project Alhaidariya power station gas and the trend towards completion of the project in full ». 

    « oil »Baghdad , Erbil , in his first remarks to him, and coffee, said the ministry« resort to investment and national effort on the issue of gas ». 

    he added that« in what singled out the dispute between the Kurdistan Regional government and the federal government on oil's , there are several areas to solve them », stressing that« there are no hard and there is no suchthing as impossible ». 

    he and coffee, during a conference held in the House of Representatives, in the presence of the vice - province ofBasra, said that« the receipt of the Ministry of oil something important », indicating that there is « challenges large oil sector , which neglects the multiple ranges. » 

    the« our review of rounds of licenses to take advantage of the energies of Iraq, and we have plans to increase theproduction and use of gas , which burns, and there are many ways to improve the production and export through the construction of an oil cities and the training of the cadres of the National oil ». 

    the Minister of oil new Jabbar Laibi that the federal government will continue to fight the scourge of corruption even eliminated, and the oil Ministry is part of that power, and will by all means to eliminate corruption , which hampers production. 

    he said: «we will adopt transparency and clarity through our work in the oil ministry, and we will follow up all licensing rounds and work to overcome All obstacles ».

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