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Official: rapid growth of U.S. crude production could lead to exports
01.03.2013 | (Voice of Iraq) - Add Comment - HOUSTON (Reuters) Prime U.S. Energy Information Administration said on Friday that the increased production of light oil-free sulfur is likely to prompt the United States to study oil export to Mexico or other countries find where high demand. data showed the Energy Information Administration said the average U.S. oil production reached more than 7 million barrels per day in December, the highest level seasonal since 1992. indicate management's expectations that U.S. oil production will grow by about 900 thousand barrels per day this year to reach an average of 7.3 million barrels a day. said Adam Sieminski Prime Energy Information Administration at an energy conference in Houston that U.S. production of light crude sulfur-free growing rapidly so that they "studying the possibility of exporting the surplus" to other countries in the forefront of Mexico. Oil exports U.S. banned in general, although some shipments allowed, send them to Canada, which like Mexico is a member of the Free Trade Agreement of North America (NAFTA). and the United States still imported a huge crude oil but a lot of refineries major oil - including the refineries on the Gulf Coast - has been converted to refining heavy crudes with high sulfur content which is cheaper in international markets, which raises the possibility of a surplus in the light crude in the coming years. (preparation and serious millennial Arab Bulletin)
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