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The opening of two new ports for the export of oil next month
01/08/2011
An effort to achieve production of more than 3 million barrels per day by year's end
BAGHDAD - morning
Deputy Prime Minister for Energy that Iraq's attempts to reach its production of oil to more than three million barrels per day, the end of this year, stressing that the coming months will witness the opening of two ports for export capacity of 500 thousand barrels per day. Hussein al-Shahristani said in a statement to the site «Alsumaria News» It is Planning «to reach its production of oil to more than three million barrels per day by the end of the year 2011 and to 12 million barrels per day during the next six years, since the introduction of oil fields for development by international companies in the two rounds of licensing the first and second».
He added that the country «produced at the present time 2.00075 million barrels a day, after the result was 2.00035 million barrels over the past year 2010».
Iraq signed in 2010, contracts with several international companies to develop some oil fields in the two rounds of licensing the first and the second to reach a production of at least 11 million barrels per day within the next six years and 12 million barrels a day, after the addition of the quantities produced from other fields of effort national and focused most of those contracts in the fields of the South.
Shahristani said that «the country's oil exports rose to 2.00025 million barrels a day to keep pace with increases in oil production», pointing out that «Iraq will open two ports for export end of the current capacity of 500 thousand barrels a day». And set Iraq's share of three million and 800 thousand barrels per day , but does not currently exported only 2,000,165 barrels a day, and the export share is determined by agreement between the State and the Organization of Petroleum Exporting Countries and based on certain criteria the most important reserves of each country, and calls for Iraq to increase its stake depending on the «new oil discoveries» has.
And Iraq contracted with an international company for construction of four floating ports to export crude oil, will work in two of them at the end of the year 2011, and export capacity of the port one of 500 thousand barrels per day.
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