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Iraq's second-largest oil exporter in OPEC

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1Iraq's second-largest oil exporter in OPEC Empty Iraq's second-largest oil exporter in OPEC Thu May 17, 2012 12:59 pm

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Iraq's second-largest oil exporter in OPEC

On: Friday 5/18/2012 5:40

 Baghdad / range
revealed the superiority of the Ministry of Oil of Iraq to Iran to become the second largest oil exporter in OPEC, indicating that the contracts signed with international oil companies in the context of the three licensing rounds have contributed to the transfer of technology to the oil sector.


The Minister of Oil Abdul Karim Laibi "Alsumaria News", "Iraq has become the second largest crude oil exporter in OPEC after Saudi Arabia, noting that he started to regain its natural place in the organization.

and added to coffee that war and the wrong policies pursued by the previous regime led to the failure of the sector oil and its distance from its natural after he occupies the position are excellent among the members of the organization in terms of production and export, "pointing out that" the improvement of security experienced by the country after 2008 contributed to the support of the oil sector, steps are good for rebuilding and reconstruction.

He went to the coffee that the contracts held by the Ministry with international oil companies in the context of licensing rounds, the three had a big role in technology transfer and training of our staff and the reconstruction of the oil sector completely. "

The Iran occupies second place in the exports of oil after Saudi Arabia, but the economic sanctions imposed by the EU and the United States led to lower its oil exports.

noted, Dow Jones Newswires in a report released on 2 May 2012, that the OPEC countries kept their production rates are high during April 2012, while Iraq had to compensate production fell Iran, which fell to its lowest level since 1990 to 3.2 million barrels a day, while the rose Iraq's production to its highest level in twenty years to 3.06 million barrels per day, an increase of some 193 thousand barrels per day.

According to estimates Petrologestics issued in March 2012, the exports of Iran stood at 1.9 million barrels per day in the same month, while the estimates of these exports about 2.2 million barrels in February 2012.

announced the company marketing the oil SOMO in the first of May he said that Iraqi exports of crude oil rose to 2,000,508 thousand barrels per day compared to two million and 317 thousand barrels per day for the month of March .

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 second, to reach a production of at least 11 million barrels per day within the next six years, and 12 million barrels per day after the addition of the quantities of other fields of national effort focused those contracts in most fields south.

and offered to the oil ministry in May 2010, three gas fields to foreign investment are fields Mansourieh Saybah and crutch, with committed companies that will develop those fields to prevent burning of any quantity of gas associated with oil, as Olzimtha construction of facilities for the manufacture of associated gas, and handed over to Iraq without charge.

and the Oil Ministry announced in March 2012 the licensing round, the fourth for the development of a number of patches exploratory oil and gas and includes 12 locations spread over the provinces of Nineveh, Anbar, Najaf and Qadisiyah, Babil and Muthanna, Diyala, Wasit, Basra, Dhi Qar.

little that Iraq is suffering from foot oil facilities, and currently produces about three million barrels of crude oil per day, and exported through Basra while the remaining quantity exported through the northern port.

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