Wednesday, March 07, 2012

Iraq Production Reached 3 Million Barrels per Day in February

According to MEES, Iraq production has passed the 3 Mb/d mark in February thanks to the opening of a single Single Point Mooring as part of the Basra terminal expansion:
Iraq plans to start the actual loading of crude in a week to 10 days, initially boosting oil exports through the country's south, which currently stand at about 1.7 million barrels a day, by 200,000 to 300,000 barrels per day, said Dhia Jaafar, the director-general of the state-run South Oil Co. The terminal's full capacity will be 900,000 barrels a day. src.
If confirmed, this is the highest production level since 2001 or even 1980.

Four additional Single Point Mooring (SPM) are planned which could potentially bring Iraq export capacity past 6 Mb/d:


  1. This comment has been removed by the author.

  2. With Iraq reaching 3 million in terms of producing 3 million barrels a day on the month of February, just imagine what this country can produce in a year. I think the oil and gas companies in calgary is being supplied by that country.

  3. Iraqi oil production has been flat for 10 months now. In fact they produced less oil in May than they did last August. Since their original plan was to be producing 12 million barrels per day in this decade, almost everyone expected their production to be soaring by now. But that hasn’t happened. Now they are saying one of their plans is to increase production only to 6 million barrels per day. This site helps me to write my essay on this theme.