Wednesday, March 2, 2011

Oil Minister: Iraqi oil exports for the month of February recorded the highest rate since 2003

2011-03-01 18:12:48

BAGHDAD (Iba) / follow up / ... Announced that the Iraqi oil minister, Abdel Karim coffee today for the high rate of export of crude oil last February to 2.202 million bpd, the highest since 2003
 
The news agency Agence France Presse as saying that the coffee after the increase is due to resume exports from the northern fields.
 
 
Exports amounted to Iraq in January last 2161 million barrels per day proceeds of a financial hit 6082 billion dollars.
 
In a related development, ministry spokesman Assem Jihad, that if the situation continues like this, you will be bridging the budget deficit for 2011, estimated at about 13.3 Dolarmen one billion state budget, amounting to $ 82 billion.
 
 
Iraq produces 2.6 million barrels per day of oil, emits more than two million, but these rates are still lower than those during the former regime, which constitutes 94% of the proceeds of Iraq's financial .. 
 
The ministry has signed contracts with foreign companies for the development of ten fields, expects to reach production through to about 12 million barrels per day within six years.
 
Iraq has the third oil reserves in the world is estimated at 115 billion barrels after Saudi Arabia and Iran. (End) / p /

http://www.ipairaq.com/index.php?name=inner&t=economy&id=35971

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