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Oil: daily production exceeded 3.0005 million barrels
4/13/2015 0:00
Plan to produce two billion cubic feet of associated gas during 2018
BASRA - Saad Al-Sammak
enable Iraq to raise its oil production rate to more than three million and a half million barrels per day according to the ministry plans to reach the production target of 6 million barrels per day during 2018.
Undersecretary of the Ministry of Oil Fayyad Grace said in a statement the "morning": that "the country's output of crude oil recorded rate during the last month was around 3.5 million barrels per day."
and the grace that "the production of the Kirkuk oilfields averaged 300 000 barrels per day delivers to the ministry within the quantities received from the Kurdistan region, "he said, adding that those quantities being pumped through the northern export system to the Turkish port of Ceyhan to be sold on world markets through the company" Sumo "of the Ministry of Oil.
He noted the undersecretary of the ministry that the terrorist attacks for "Daash" on the north of the country have caused decline in the production of the Kirkuk oilfields in large quantities rate and burdening the state heavy financial losses it was possible to have help to cope with the fiscal deficit to the general budget.
Grace explained that the production of gas associated with crude oil production averaged 900 million cubic feet per day, mostly from the fields of Basra, including invested amounts by Basra Gas Company, reaching more than 500 million cubic feet per day.
He continued by saying: "The next year will see a quantum leap in gas production associated with after the introduction of projects to isolate the gas in the oil licensing fields Balrmelh Qurna", stressing that the ministry will reduce gas flaring rate in those in preparation for the disposal of gas flaring completely down to produce two billion cubic feet of associated gas by the year 2018 according to the ministry plans to produce 6 million barrels of oil a day fields. In the meantime, Iraq is planning to separate the heavy crude produced from oil fields in the south of the country for ore president in a move that may reduce quality that adversely affect the export problems.
He said oil officials that they Cisaron heavy crude at a cheaper price than its competitors and be dedicated facility at the port from next May to work production division mechanism.
An official at the South Oil Company said "Iraq is planning to ship 350 000 barrels of Basrah heavy day on average, which means that it may represent about 13 percent of current exports, which ranges between 2.6 million and 2.7 million size barrels per day. "
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4/13/2015 0:00
Plan to produce two billion cubic feet of associated gas during 2018
BASRA - Saad Al-Sammak
enable Iraq to raise its oil production rate to more than three million and a half million barrels per day according to the ministry plans to reach the production target of 6 million barrels per day during 2018.
Undersecretary of the Ministry of Oil Fayyad Grace said in a statement the "morning": that "the country's output of crude oil recorded rate during the last month was around 3.5 million barrels per day."
and the grace that "the production of the Kirkuk oilfields averaged 300 000 barrels per day delivers to the ministry within the quantities received from the Kurdistan region, "he said, adding that those quantities being pumped through the northern export system to the Turkish port of Ceyhan to be sold on world markets through the company" Sumo "of the Ministry of Oil.
He noted the undersecretary of the ministry that the terrorist attacks for "Daash" on the north of the country have caused decline in the production of the Kirkuk oilfields in large quantities rate and burdening the state heavy financial losses it was possible to have help to cope with the fiscal deficit to the general budget.
Grace explained that the production of gas associated with crude oil production averaged 900 million cubic feet per day, mostly from the fields of Basra, including invested amounts by Basra Gas Company, reaching more than 500 million cubic feet per day.
He continued by saying: "The next year will see a quantum leap in gas production associated with after the introduction of projects to isolate the gas in the oil licensing fields Balrmelh Qurna", stressing that the ministry will reduce gas flaring rate in those in preparation for the disposal of gas flaring completely down to produce two billion cubic feet of associated gas by the year 2018 according to the ministry plans to produce 6 million barrels of oil a day fields. In the meantime, Iraq is planning to separate the heavy crude produced from oil fields in the south of the country for ore president in a move that may reduce quality that adversely affect the export problems.
He said oil officials that they Cisaron heavy crude at a cheaper price than its competitors and be dedicated facility at the port from next May to work production division mechanism.
An official at the South Oil Company said "Iraq is planning to ship 350 000 barrels of Basrah heavy day on average, which means that it may represent about 13 percent of current exports, which ranges between 2.6 million and 2.7 million size barrels per day. "
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