1. Business Week – Iraq, the third-largest oil producer in OPEC, will boost output capacity this year to 3.4 million barrels a day and export capacity to 2.6 million barrels, Oil Minister Abdul Kareem al-Luaibi said.
Iraq oil output jumped in December to more than 3 million barrels a day, the highest level for at least 20 years, and exports rose last month to 2.2 million barrels a day
The first of four single-point mooring facilities planned off Iraq’s southern coast will begin operating next week, Luaibi said. Each of them will add 850,000 barrels a day in capacity for exports of crude. The second mooring unit will be in place within six months, the third by the end of 2012 and the fourth in 2013, Shahristani said.
2. Eurasia Review – Short-Term Outlook For Non-OPEC Oil Production Growth
The U.S. Energy Information Administration’s (EIA) January Short-Term Energy Outlook (STEO) forecasts non-OPEC crude and liquid fuels production to grow by 0.9 million barrels per day (bbl/d) in 2012, followed by growth of 0.8 million bbl/d in 2013.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
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.