Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on October 22, 2018
New Iraqi National Oil Company aims to produce 7 million bpd
raq is seeking to produce 7 million barrels of oil per day (bpd) through its newly established National Oil Company and to export 4 million bpd in 2019, Oil Minister Jabar al-Luaibi said on Saturday.
FILE PHOTO: Iraqi Oil Minister Jabar al-Luaibi speaks during a news conference in Basra, Iraq June 6, 2018. REUTERS/Essam Al-Sudani /File Photo
In an interview with state television, Luaibi said Iraq hoped to export 1 million bpd through Jordan’s Akaba port, without specifying a timeline. The burning of gas produced as a byproduct of oil extraction would stop by 2021, he said.
The northern refinery of Baiji was brought back online and is producing 70,000 bpd, Luaibi added.
9 Comments on "New Iraqi National Oil Company aims to produce 7 million bpd"
Dredd on Mon, 22nd Oct 2018 12:32 pm
Iraq: World’s Number One Oil Producer?
Twocats on Mon, 22nd Oct 2018 4:12 pm
In ten years Iraq increased 2 mbpd. So now somehow by a fucking miracle they are going to increase ANOTHER 2.5 mbpd. What good Iraqi hashish are they smoking. Because that’s what they need to export.
Sissyfuss on Mon, 22nd Oct 2018 10:25 pm
But our CONmander in chief says we’re reducing their exports to zero. He wouldn’t lie, would he?
Cloggie on Tue, 23rd Oct 2018 2:57 pm
Pumped Hydro Storage for Flatlanders
https://deepresource.wordpress.com/2018/10/23/pumped-hydro-storage-for-flatlanders/
Antius on Tue, 23rd Oct 2018 5:59 pm
Cloggie, a useful idea within certain limitations.
Excavating shafts and caverns so far underground (1km) is expensive, hence the long payback time. The deeper underground you excavate, the more complex the engineering becomes. The energy stored is a linear function of head height (depth) and stored volume. However, the cost does not scale linearly with depth.
Why not use undersea CAES, for which no excavation is needed? An undersea concrete tank with ballast could last a century or more and would be much easier and cheaper to build than a deep excavation.
Near surface underground pumped storage, could provide an interesting niche application, especially in off grid power systems. At a head height of 5m, a cubic metre of water will store some 50KJ of energy. A single kWh of energy will require some 72m3 of water. Thats 5m x 5m x 2.9m deep. Achievable for people with space around them and much longer lasting than a battery.
Cloggie on Wed, 24th Oct 2018 12:47 am
Excavating shafts and caverns so far underground (1km) is expensive, hence the long payback time.
It is no coincidence that the location of a future hydro storage is projected in the South of the Limburg province, once the coal mining area. The area is one giant mine shaft. Not much drilling is needed.
https://www.demijnstreek.nl/plaatjes/jpg/demijnen/concessiekaartgroot.jpg
Free Speech Message Board on Wed, 24th Oct 2018 4:00 am
Trump supporters are never accused of defending freedom.
Dooma on Thu, 25th Oct 2018 8:49 pm
Clogg, with a payback time 50 years, would geothermal not be a competitor to a project as expensive as the one you have shown us?
Mark Ziegler on Mon, 29th Oct 2018 7:57 am
They will need more than that.