Iraq: oil reserves total 143 billion barrels


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BAGHDAD / Baghdadiya News / .. Deputy Prime Minister for Energy, Hussain al-Shahristani, the oil reserves discovered and ready-to-extract in the country has 143 billion barrels. Our production and overcome the daily 3 million barrels now, after we have made to increase
During the past year about 500 thousand barrels per day, and will be added another 500 thousand during the current year according to the plans to develop this sector, which is the main supplier to Iraq.
Shahristani said: that oil product needs to transfer or export ports to refineries for refining and pumped to the pipeline carrier networks. The higher production increases the need to develop new export outlets. We have plans to build a 5 port floating in the waters of the Gulf, Iraq's territorial total capacity of nearly 4.5 million barrels. And each with a capacity ranging between 850 and 900 thousand barrels. One of which was opened and entered the service to download the first two million barrels. It is hoped completion of two ports with the other end of this year or early next year at the maximum. This means that there are plans to cope with the expected increase in production, especially from our fields to the south.
Shahristani said the latest figures in the export capacity is expected to arrive to Iraq until the end of 2012, will reach about 4.5 million barrels distributed to 2.7 million barrels is the current energy and 1.8 million barrels of new energy southern ports. / Finished / 42 /
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