Iraq oil production reaches 20-year maximumDecember 23, 2011 - 20:54 AMT PanARMENIAN.Net - Iraqi crude oil production jumped to the highest level in at least 20 years, or more than 3 million barrels a day, said Hussain al-Shahristani, Deputy Prime Minister for energy affairs. Iraq’s government, which takes complete control of the country this month after the withdrawal of U.S. military forces, will acquire unmanned drone aircraft to help protect pipelines and related energy facilities that have been frequent targets of sabotage, he said today in an interview in Baghdad. He spoke hours after nine bombs exploded in the capital Baghdad, killing at least 57 people in attacks that underscored instability and divisions as the U.S. ends almost nine years of military presence in the country. Iraq holds the fifth-biggest natural-gas reserves in the Middle East and the world’s fifth- largest crude deposits, according to BP Plc data that include Canadian oil sands. “Iraq’s crude production will rise to 3.4 million barrels a day by the end of next year, and exports will rise to 2.6 million barrels a day, including 175,000 barrels from fields in the northern Kurdish region, next year from a current average of 2.2 million barrels of oil a day,” he said. Iraq’s first single-point mooring facility for oil tankers will begin operating in January, he said. A second unit will be in place within six months, a third one by the end of next year and a fourth in 2013, he said. Each of the four facilities will add 900,000 barrels a day of exporting capacity for crude oil, he said, Bloomberg reported. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |