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Iraq oil output likely to hit 3.4mn bpd by year end  DUBAI: Iraqi oil production is likely to hit 3.4 million barrels per day (bpd) while exports are expected to average 2.9 million bpd by next year, the top energy advisor to the Iraqi prime minister said on Tuesday.   "Next year, the plan is for 2.9 million barrels per day of export," Thamir Ghadhban told reporters on the sidelines of an industry event in Dubai.   Iraqi Oil Minister Abdul-Kareem Luaibi said earlier this week that Iraqi crude exports were to exceed 2.6 million barrels per day (bpd) in September and estimated production at more than 3.3 mln bpd.   With the help of foreign firms, Iraq has ambitious plans to boost production capacity beyond 12 million bpd by 2017, but this target has proved unrealistic due to infrastructure bottlenecks and logistical shortcomings.   It is expected to target 8-8.5 million bpd, but some oil analysts and executives see even 6 million bpd by 2017 as a stretch ...

Iraq oil output likely to hit 3.4mn bpd by year end  DUBAI: Iraqi oil production is likely to hit 3.4 million barrels per day (bpd) while exports are expected to average 2.9 million bpd by next year, the top energy advisor to the Iraqi prime minister said on Tuesday.   "Next year, the plan is for 2.9 million barrels per day of export," Thamir Ghadhban told reporters on the sidelines of an industry event in Dubai.   Iraqi Oil Minister Abdul-Kareem Luaibi said earlier this week that Iraqi crude exports ...
Iraq oil exports rise to 2.6mn bpd in Sept  BAGHDAD: Iraq oil exports rose to 2.6 million barrels per day (bpd) on average in September compared to 2.565 million bpd in August, an Iraqi oil ministry spokesman said on Monday. Exports from Basra in the south were 2.18 million bpd in August while shipments from northern Kirkuk were 420,000 bpd, including around 10,000 bpd taken by truck through Jordan, Asim Jihad said. Copyright Reuters, 2012 ...
Libya targets oil output rise TRIPOLI: Libya aims to raise its oil production to 1.8 million barrels per day (bpd) next year, overtaking the output before last year's war, as it banks on the return of foreign companies even though security in the country remains precarious. But no new exploration and production contracts are expected for at least a year before a clearer landscape emerges in the North African producer's democratic transition after the war that ousted ruler Muammar Gaddafi. Oil output ...
Bowleven aims to start Cameroon oil output next year YAOUNDE: U.K.-based energy firm Bowleven plans to start production from its Etinde project offshore Cameroon in mid-2013, an official from Bowleven's Cameroon unit EurOil said on Monday. "After going through the exploration phase in the permit since 1999, we shall soon be embarking on the development and production phase," EurOil chairman Nfon Tabetando told reporters in Yaounde at a news briefing. He declined to provide a production target for the field, but said tests carried out at ...
Libya oil exports at 70 percent of 1.6mn output  TRIPOLI: Libya's oil output has reached around 1.6 million barrels per day and exports are at around 70 percent of that figure, Libyan Oil Minister Abdulrahman Ben Yazza said on Monday. "The challenge is to maintain and increase this production," Ben Yazza told an oil conference in Tripoli. Asked about Libya's oil exports figures, he said: "Almost 70 percent of this production." Copyright Reuters, 2012 ...
Kurdistan seals oil products deal with Baghdad  BAGHDAD: Iraq's autonomous Kurdistan said on Thursday it will receive 147,000 barrels of oil products p e r day, as part of a deal concluded with Baghdad to end a dispute over oil payments.  The deal, which was first outlined last week, will solve only few points of a broader feud between Baghdad and Kurdistan over oil exports, energy policy and territory which have become increasingly contentious topics.  "This deal cannot solve all the problems currently but ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln