Iraq’s oil production has exceeded 2.7 million barrels a day. Just last week it passed 2.6 million barrels of oil per day. Iraq’s oil exports also continue to rise and are expected to exceed two million barrels per day by the end of January from 1.95 million barrels shipped abroad last month.
The increases were due both to improved Iraqi efforts and investments by international companies that have signed contracts to develop Iraqi fields.
Oil output hovered at around 2.4 million barrels a day after the U.S.-led invasion of 2003. The government has awarded 12 licenses for oil developments and three for gas, and oil ministry experts will hold meetings “within days” to prepare a preliminary draft for contracts to be auctioned in a fourth licensing round
On Dec 20, 2010, the announcement was made that Iraq oil production would increase to 2.75 million barrels per day which was a 400,000 barrel per day increase.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Featured articles
Ocean Floor Gold and Copper
Ocean Floor Mining Company
var MarketGidDate = new Date();
document.write(”);
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.