Three companies will make Iraq a global oil produces a higher rate of oil in its history

Posted by on Mar 11, 2014 | Leave a Comment

Counting economic report prepared by the Reuters news agency that Iraq is working to restore Ranked as the “fastest” source of oil growing in the world, and so scoring points for customers of Libyan oil after the cessation of Materials There are currently, “While shown that the processes of rehabilitation and development will enable Iraq to export 3.4 million barrels during the year Current 2014, with the production of an average of four million barrels, is expected to raise the rivals in OPEC.
The Reuters news agency, in a report seen by the (long-Presse), said that “Iraq, which is currently the second largest oil producer in OPEC, could bring one of the largest ratesof annual production of oil in its history with a willing company British Petroleum BP British and Exxon Mobil Exxon Mobil U.S. , and other international companies, to double its production in the southern fields, which were not damaged, although the increase due to the poor security situation in Syria, the repercussions of the war and its effects on it. ”
The predicted global agency, that “keeps Baghdad on the pace of the rise with sales of oil, which achieved in February last, access to the rate of 2.8 million barrels per day, an increase from January 2014, an average of 500 thousand barrels per day, while bypassing many of the impediments to export platforms in Basra, that ship from which most of the Iraqi oil. ”
Reuters quoted, for a CEO of an oil major in Iraq, saying t

hat “Iraq do what he can to export the largest possible amount of oil,” adding that “things are going in the right direction as it seems, and that the rate of export for the year 2014 now, will prove to the amount of 2.9 million barrels per day, and perhaps more than the rate at certain times of the year. ”
According to the agency, that “the major international oil companies, represented by Berch BP BP in Rumaila, ExxonMobil, which operates West Qurna-1, Eni Eni of Italy, which oversees the Zubair field, has expanded its production in those fields efforts initiated in 2010 when it signed service contractswith Baghdad. ”
Felt Reuters, that “the rehabilitation and development of these which approached its fifth year now, deserve to make Iraq up to the rate of export up to 3.4 million barrels per day during the year 2014 the present, including pump an average of 400 thousand barrels per day from fields in the Kurdistan region, which contributes to the arrival rate production to four million barrels per day, including the amount of oil consumed locally. ”
The agency said that, with “the beginning of the export operations forthcoming from the West Qurna-2 which is supervised by the company Lukoil, this would enhance the amount of oil flow more, as well as the amount of oil produced from the fields of crazy, led by Royal Dutch Shell, and Halfaya orbit by Petrojayna Chinese. ”

Reuters quoted, the source of the Organization of Petroleum Exporting Countries, OPEC OPEC, saying that “the Iraqi oil production is moving forward this year,” adding, “But the problem that we will face in the organization with the increase in Iraqi production, is that it members to reduce production?”.

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