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Page added on December 22, 2012
Iraq Daily Oil Output Exceeds 3.2 Million Barrels
Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said today in Cairo.
That compares with output of 3.17 million barrels a day in November, according to the Organization of Petroleum Exporting Countries’ last monthly report.
Iraq has risen this year to the rank of OPEC’s second- biggest producer. Its output may gain to 3.7 million barrels a day next year and 4 million barrels in 2014, according to the minister.
“We have an ambitious plan to develop the oil industry,” al-Luaibi said.
OPEC will decide on a successor to Secretary-General Abdalla El-Badri by May, al-Luaibi said. El-Badri’s term was extended by one year to the end of 2013 earlier this month when OPEC ministers failed to agree on a successor.
Iraq, which had backed former Oil Minister Thamir Ghadhban, is sticking to its candidate, al-Luaibi said.
2 Comments on "Iraq Daily Oil Output Exceeds 3.2 Million Barrels"
FarQ3 on Sat, 22nd Dec 2012 5:03 pm
Political unrest is on the increase in Iraq. I don’t think it’s unreasonable to assume that internal conflict and not oil is already foremost on the minds of most Iraqis. Unfortunately this is likely to get worse.
BillT on Sun, 23rd Dec 2012 5:12 am
FarQ3, I agree. The Middle East is a powder keg, and the fuse has been lite. If food prices go up again, and the Syrian affair escalates, we could see $200 oil by next Christmas.