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Iraq oil production up 650,000 barrels per day to 3.35 million in 2012 and will average 3.7 million bpd in 2013
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Iraq’s production surged 650,000 barrels a day this year to 3.35 million, the biggest annual gain in 14 years. Iraq plans to boost output to an average 3.7 million barrels a day in 2013 and at some point in the year match the 1979 record of 3.8 million, Oil Minister Abdul Kareem Al-Luaibi told reporters in Vienna on Dec. 9.
Saudi Arabia reduced its output to 9.67 million barrels a day last month, according to a monthly report from OPEC that cited secondary sources for its data. In its own direct communication to OPEC, the kingdom said November production was even lower, at 9.49 million.
See more and subscribe to NextBigFuture at 2012-12-14 23:42:41 Source: http://nextbigfuture.com/2012/12/iraq-oil-production-up-650000-barrels.html
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