Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Iraqi oil production setting records
by Daniel J. Graeber
Washington (UPI) Feb 9, 2015


disclaimer: image is for illustration purposes only

Iraqi oil production grew at a faster rate than any country apart from the United States, analysis from the U.S. Energy Information Administration found.

"Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States," EIA said in a Monday brief.

Several energy companies operating in northern Iraq pulled their staff out of the region last year amid growing threats from the terrorist group calling itself the Islamic State. EIA said that, despite the threat, total crude oil production in Iraq rose nearly 10 percent from 2013 to average almost 3.4 million barrels per day, which represents about 60 percent of the production growth from members of the Organization of Petroleum Exporting Countries last year.

At the height of its campaign, the Islamic State controlled as many as seven oil fields and was said to be generating as much as $2 million per day in oil revenue. Though the terrorist group seized some refinery and production facilities in northern Iraq last year, the oil-rich Kurdish region and southern production facilities were spared from much of the violence.

Analysis from consultant group IHS last year found the Islamic State insurgency wasn't having much of an impact on the overall oil sector in Iraq. EIA said Iraqi oil production dropped in mid-summer, but rebounded from August because of expansions in infrastructure and improved security.

"In December, Iraq's crude oil production reached 3.75 million bpd, the highest amount on record," EIA's analysis found.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Some Kurdish oil exports suspended
London (UPI) Feb 6, 2015
Exports from the Kurdish north of Iraq through Turkey are suspended while payment negotiations continue, Gulf Keystone Petroleum said Friday. The British company said it's owed an unstated amount in payments from the Kurdish government. As a short-term measure, crude oil was redirected to the local market and exports by truck through Turkey are suspended. "This is expected to be ... read more


OIL AND GAS
The rarely understood ammonium carbonate monohydrate

Eyes In The Sky: Britain's GCHQ Sets Sights on Space

How ionic: Scaffolding is in charge of calcium carbonate crystals

Graphene edges can be tailor-made

OIL AND GAS
Navy orders additional LCS mission modules

U.S. EA-18G Growlers getting new electronic warfare system

Third MUOS Satellite Launched And Responding To Commands

USAF orders addditional Boeing rescue radios

OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Russia launches British comms satellite into space

Iran Launches Satellite Into Space, First Since 2012

Moog Supports Delta 2 of SMAP satellite

OIL AND GAS
US Senator says GPS often fails to track emergency calls

NASA Engineer Advances New Daytime Star Tracker

Europe to resume satnav launches in March: Arianespace

911 Assc says lobbyist behind tactics to derail GLONASS

OIL AND GAS
Singapore plans 'real-time' aircraft tracking system

First flight for Embraer's KC-390

Eurojet continues support of engines on Typhoon fighters

Boeing signs second-phase aircraft logistics deal with DLA

OIL AND GAS
One-atom-thin silicon transistors hold promise for super-fast computing

New pathway to valleytronics

Researchers use oxides to flip graphene conductivity

Breakthrough promises secure communications and faster computers

OIL AND GAS
Spire unveils nanosatellite to make weather predictable to navigate

Satellites can improve regional air quality forecasting

New NASA SMAP satellite already measuring surface water

NASA's New Radiometer Tunes In to Soil's Frequency

OIL AND GAS
Mercury levels rise in Hawaiian ahi tuna: study

British city becomes first to impose public smoking curbs

Ship grounding threatens Galapagos Islands

Paris mayor wants to ban polluting trucks, buses




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.