* International Energy Agency: Iraq’s oil production rose by 12% in 2011
Said the International Energy Agency in its report that oil production in Iraq rose by 12% in 2011, while warning that the political instability inside Iraq in the development of operational and logistical constraints on the oil sector.
A report by the International Energy Agency obtained by “Twilight News”, that “Iraq’s oil production rose by 12% in 2011 compared to the previous year but this increase was not reflected in exports due to poor infrastructure.”
A report of the International Energy Agency issued late last year, rising oil production in Iraq over the years from 2010 to 2016 by 1.87 million barrels per day, up to 4.36 million barrels per day and oil production peaked in 2010 to 2.6 million barrels per day.
The report warned the International Energy Agency that “the political instability in Iraq could create a situation of bureaucracy and puts logistical constraints and executive on the oil sector.”
Iraq has signed during the year 2010 contracts with several international companies to develop some oil fields in the two rounds of licensing the first and the second to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels a day, after the addition of the quantities produced from other fields of effort national levels.
It is noteworthy that Iraq is exporting oil from the ports of Basra and Khor al-Amaya in Basra, and Turkish port of Ceyhan on the Mediterranean, and the truck by truck to Jordan, and the percentage of Iraqi exports from the Basra oil about 85%, while the remaining issue of Kirkuk, Iraq currently produces about 2.5 million barrels a day, and the issue of two million barrels per day to approximately 25 companies worldwide.
The * International Energy Agency: Iraq’s oil production rose by 12% in 2011 by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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