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Expectations of achieving Iraq's oil production of 4.5 million barrels perday by 2013
June 26 2011
Baghdad that Amer in the southern Iraq desert, led efforts to increase oil production dilapidated infrastructure of the oil industry to the brink of collapse, rusty old pipelines operating at maximum capacity, the risk of snagging on bottom of the Arabian Gulf. either dilapidated pumps which operate under air temperature nominates. network has reached the goal of transferring oil from the fields to the tankers, ceiling and are subject to consumption is causing permanent damage to the wells.
According to the Washington Post: the oil industry in Iraq the red-hot action. The pace of production is progressing as best since twenty years, since the beginning of the 1991 Gulf war, the money started flowing. In the first five months of the year 2011 export climbed as oil prices rose to almost erase full year estimated deficit of more than 12 billion dollars.
And it seems as if Celsius in Iraq quagmire in many areas, the maximum capacity was launched as far as oil. And efforts to raise oil profits continue to engage in bold paths and even dangerous sometimes.
Access to the country's oil to the level of system of capacity is the first stage in the large actions to increase production by fivefold, by the year 2017 Iraq intends to compete with Saudi Arabia as the largest exporter of oil in the Middle East. But Iraq's announcement on the plan two years ago did not attract much attention, but raised doubts on the part of most industry observers.
But Iraq in hot offices to achieve this goal since then proceeded to move quickly and even in some respects scant warned. Despite pleas from the United States and other international observers, for example, Iraq had signed contracts to determine how to proceed after to contain any leakage or any emergency repairs in the event pipeline extends to about 35 years old for underwater explosion.
Scientists believe that the pipeline up to about 50 km is the most commonly used almost to send oil to loading docks and has reached a degree of التهرؤ in some regions did not remain only an external path to guide schools boards in the direction you want.
The pipeline, which is the highest goal of terrorism in the region, it seems too fragile to Iraq to avoid pressure tests to see how its carrying capacity. But continuous pumping full exports increased almost across this line.
As it now appears that Iraq has signed contracts with international oil companies, valued at 12 billion dollars, had been made in haste. According to Iraqi officials and analysts in the oil industry that almost all contracts need to be renegotiated after less than two years of the signature.
In most transactions formulated by Iraq impossible for most companies to achieve profits which unless Iraq up to the goal on paper in competition with Saudi Arabia.
He said Iraqi officials and analysts in the petroleum industry that new transactions are likely to include better conditions of oil companies at the expense of profits. And Iraqi officials are still high hopes to become the country with rival neighbor day. Iraqi officials have started to recognize that the dream remains elusive.
Oil Minister has begun to Abdel Karim would this month unanimously accepted that industrial Iraq might be able to complete half of the production of Saudi Arabia, or less, and over a longer time frame.
Kadiri said Raad, a specialist in Iraqi Government energy risk ttokoft more than bear, she suggested doing the planned in seven years, what do I need the Saudis to 70 years of work under a wide range of milder conditions, you can put on paper the largest project, but this requires a more functional and administrative process which is now, according to the recipe.
Sights low oil Iraq reflected a common problem still exist throughout the country. With the current security situation and the Iraqi Government, which continues to evolve, the aspirations of the Iraqi national pride, and emerging capacity still is no easy task for the leaders of the country. The schedule continues to progress in almost every area of little movement.
But oil coercive audit does not come with a larger stage. It reduces any hope that Iraq from shear vector low oil prices globally.
Either market analysts, who doubted promises production of Iraq, most of whom did not build those expectations with promises of future oil prices will be.
But with the fact that the country is the second largest in the world, Iraq is still capable of easing global demand and lower prices.
Iraq has already signed a contract with an Australian company to replace the most dangerous underwater gas lines by the end of 2012.
This alone will not increase the production of the country, because the old pipeline is scheduled to retire from the age when building new line completely.
But can perform another pipeline building and new pumping station by the year 2013.
And under the best scenario analysts that produce Iraq may reach 4.5 million bpd by the end of 2013, then probably it would take several more years in order to increase production further.
However, such an increase would be a small Act can continue to be profound effects on the local level to Iraq in the coming years.
In recent years, because of global recession, declining Government budget almost to red line, the higher oil revenues put Iraq on a different path.
In each of the past five years, the study predicted a shortfall at the end of the year but resulted in a surplus of permanent return.
Iraq produces approximately 2.7 million barrels per day, up 15 percent this time last year.
The ambitious target was set to reach 12 million bpd by the year 2017.
The Minister said that Iraq would ultimately up to the steady level of much less, about seven or eight million, and over twice.
US officials are expected to fall below expectations. The US energy information administration predicted that production would remain Iraq less than four million bpd at the end of the current decade.
Even in this scenario, the rise in profits are absorbed by an annual budget of Iraq more than 100 billion dollars.
Iraqi Parliament Member Ahmed Al-alwani, who chairs the Commission, any increase in production in Iraq adds more income than previously.
The Washington Post
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June 26 2011
Baghdad that Amer in the southern Iraq desert, led efforts to increase oil production dilapidated infrastructure of the oil industry to the brink of collapse, rusty old pipelines operating at maximum capacity, the risk of snagging on bottom of the Arabian Gulf. either dilapidated pumps which operate under air temperature nominates. network has reached the goal of transferring oil from the fields to the tankers, ceiling and are subject to consumption is causing permanent damage to the wells.
According to the Washington Post: the oil industry in Iraq the red-hot action. The pace of production is progressing as best since twenty years, since the beginning of the 1991 Gulf war, the money started flowing. In the first five months of the year 2011 export climbed as oil prices rose to almost erase full year estimated deficit of more than 12 billion dollars.
And it seems as if Celsius in Iraq quagmire in many areas, the maximum capacity was launched as far as oil. And efforts to raise oil profits continue to engage in bold paths and even dangerous sometimes.
Access to the country's oil to the level of system of capacity is the first stage in the large actions to increase production by fivefold, by the year 2017 Iraq intends to compete with Saudi Arabia as the largest exporter of oil in the Middle East. But Iraq's announcement on the plan two years ago did not attract much attention, but raised doubts on the part of most industry observers.
But Iraq in hot offices to achieve this goal since then proceeded to move quickly and even in some respects scant warned. Despite pleas from the United States and other international observers, for example, Iraq had signed contracts to determine how to proceed after to contain any leakage or any emergency repairs in the event pipeline extends to about 35 years old for underwater explosion.
Scientists believe that the pipeline up to about 50 km is the most commonly used almost to send oil to loading docks and has reached a degree of التهرؤ in some regions did not remain only an external path to guide schools boards in the direction you want.
The pipeline, which is the highest goal of terrorism in the region, it seems too fragile to Iraq to avoid pressure tests to see how its carrying capacity. But continuous pumping full exports increased almost across this line.
As it now appears that Iraq has signed contracts with international oil companies, valued at 12 billion dollars, had been made in haste. According to Iraqi officials and analysts in the oil industry that almost all contracts need to be renegotiated after less than two years of the signature.
In most transactions formulated by Iraq impossible for most companies to achieve profits which unless Iraq up to the goal on paper in competition with Saudi Arabia.
He said Iraqi officials and analysts in the petroleum industry that new transactions are likely to include better conditions of oil companies at the expense of profits. And Iraqi officials are still high hopes to become the country with rival neighbor day. Iraqi officials have started to recognize that the dream remains elusive.
Oil Minister has begun to Abdel Karim would this month unanimously accepted that industrial Iraq might be able to complete half of the production of Saudi Arabia, or less, and over a longer time frame.
Kadiri said Raad, a specialist in Iraqi Government energy risk ttokoft more than bear, she suggested doing the planned in seven years, what do I need the Saudis to 70 years of work under a wide range of milder conditions, you can put on paper the largest project, but this requires a more functional and administrative process which is now, according to the recipe.
Sights low oil Iraq reflected a common problem still exist throughout the country. With the current security situation and the Iraqi Government, which continues to evolve, the aspirations of the Iraqi national pride, and emerging capacity still is no easy task for the leaders of the country. The schedule continues to progress in almost every area of little movement.
But oil coercive audit does not come with a larger stage. It reduces any hope that Iraq from shear vector low oil prices globally.
Either market analysts, who doubted promises production of Iraq, most of whom did not build those expectations with promises of future oil prices will be.
But with the fact that the country is the second largest in the world, Iraq is still capable of easing global demand and lower prices.
Iraq has already signed a contract with an Australian company to replace the most dangerous underwater gas lines by the end of 2012.
This alone will not increase the production of the country, because the old pipeline is scheduled to retire from the age when building new line completely.
But can perform another pipeline building and new pumping station by the year 2013.
And under the best scenario analysts that produce Iraq may reach 4.5 million bpd by the end of 2013, then probably it would take several more years in order to increase production further.
However, such an increase would be a small Act can continue to be profound effects on the local level to Iraq in the coming years.
In recent years, because of global recession, declining Government budget almost to red line, the higher oil revenues put Iraq on a different path.
In each of the past five years, the study predicted a shortfall at the end of the year but resulted in a surplus of permanent return.
Iraq produces approximately 2.7 million barrels per day, up 15 percent this time last year.
The ambitious target was set to reach 12 million bpd by the year 2017.
The Minister said that Iraq would ultimately up to the steady level of much less, about seven or eight million, and over twice.
US officials are expected to fall below expectations. The US energy information administration predicted that production would remain Iraq less than four million bpd at the end of the current decade.
Even in this scenario, the rise in profits are absorbed by an annual budget of Iraq more than 100 billion dollars.
Iraqi Parliament Member Ahmed Al-alwani, who chairs the Commission, any increase in production in Iraq adds more income than previously.
The Washington Post
[You must be registered and logged in to see this link.]
