Bloomberg – Iraq’s crude-oil production has risen to 3.2 million barrels a day and will increase as planned to 3.4 million barrels a day by year’s end Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said.
The country’s output has now surpassed that of Iran and Kuwait, al-Shahristani told reporters today in Baghdad. The figure would be the highest level in more than 20 years.
Crude oil pumped from fields in the northern Kurdish region “remains less than required, at a total of 116,000 barrels since Aug. 8,” when pumping from the area resumed, he said. The semi-autonomous area halted pumping for export April 1 following a dispute with the central government over payments to foreign companies. The requirement for the region is 175,000 barrels a day, al-Shahristani said.
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.