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Page added on March 25, 2013

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Iraqi Oil Production to Rise to 4.5M Barrels per Day by 2015

Production

Iraq’s crude oil production is expected to rise to 4.5 million barrels a day by the end of next year, a senior Iraqi oil official said Monday.

Thamir Ghadhban, the Iraqi prime minister’s top energy advisor, said in a conference in Dubai that Iraq is considering three scenarios for increasing crude oil production that will be debated in Parliament next month.

Of these, the “medium scenario” would raise Iraq’s production to 9 million barrels a day by the end of 2020 from around 3.3 million barrels a day at present, while the “high scenario” would boost production to 13 million barrels per day.

“If we choose to go for medium or high scenarios, by the end of 2014, Iraq’s production will be in excess of 4.5 million barrels a day,” he said.

This medium scenario is seen as the most realistic, according to oil officials from Iraq, which is a member of the Organization of the Petroleum Exporting Countries.
RIGZONE



6 Comments on "Iraqi Oil Production to Rise to 4.5M Barrels per Day by 2015"

  1. Plantagenet on Mon, 25th Mar 2013 3:54 pm 

    Now that Iraq is a wealthy petro-state, it makes you wonder why the Obama administration is STILL giving Iraq 1.5 billion dollars a year in US aid—-and it ain’t getting cut by the sequester either.

  2. Beery on Mon, 25th Mar 2013 6:13 pm 

    I dunno. Maybe it has something to do with the fact that the last thing the US needs in Iraq is a popular revolution and the nationalization of all Iraq’s oil.

  3. MrEnergyCzar on Mon, 25th Mar 2013 10:17 pm 

    I thought they were going to have 10mb/day by then? What happened? Why the huge drop in production estimate the past 3 years?

    MrEnergyCzar

  4. BillT on Tue, 26th Mar 2013 1:52 am 

    Two years is forever in the Middle East. Iraq may be 3 countries by then or the oil infrastructure may be totally destroyed, but RIGZONE is petro porn so what can you expect?

  5. DC on Tue, 26th Mar 2013 4:03 am 

    The US spent 4 trillion dollars to undermine the EU and make sure Iraq’s oil was returned to its ‘rightful’ owners, the US\UK oil corporations. It would hardly do to have to re-invade them all over again just because they didnt get the message the first time around. And its not the ‘Obama’ administration, its the US gov’t that hands out money to its satraps. The empty suit sitting in the White House has little to say about the matter.

  6. GregT on Tue, 26th Mar 2013 6:15 am 

    The powers that be, better hope that the Iraqi people don’t pull themselves out of the abject poverty that has been forced upon them, because if they ever do, there will be no exports for anyone else.

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