Wednesday, February 8, 2012

Iraq starts exporting oil from the new port in ten days



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The independent Iraqi news agency / Baghdad / a. M .. She said the South Oil Company owned by the state on Wednesday that Iraq will begin to download the first crude from a new port for the export of oil south of the country within ten days.

The deputy director of the Southern Oil Company Faisal behind the reporter (and independent Iraqi news agency) Iraq will begin to download the raw of the first new port to export oil to the Gulf within ten days after delaying the bad weather and technical problems it starts.

It was first scheduled to open the port in January but the date was postponed to the end of the pipe joints and testing of terrestrial and marine sectors. Behind and when asked about the date of commencement of export of the first mono-buoy laying replied "maybe in a week or ten days."

Iraq produces about three million barrels of oil per day, while exports amounted to last year's 2.165 million barrels per day on average is expected that the volume of exports this year, 2.5 million barrels per day, on average, according to government data.

Iraq is a member of the Organization of Petroleum Exporting Countries and has the fourth-largest oil reserves in the world, and entered into agreements with international energy companies to raise production to 12 million barrels per day by 2017.


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