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OPEC meets next week to discuss increasing oil production

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 OPEC meets next week to discuss increasing oil production Empty OPEC meets next week to discuss increasing oil production

Post  Admin Wed Dec 05, 2012 10:48 am




12/05/2012



BAGHDAD / JD / .. meet OPEC ministers over two days during the 11 and 12 December 2012 in Vienna, Austria.

According to Al-Sharq that the main challenges will be discussed by the Organization of Petroleum Exporting Countries, to increase oil production from Iraq where he arrived to 2.6 million barrels per day in January 2012 and to 3.3 million barrels per day in November 2012, an increase of 700 thousand barrels per day, is expected to rise to 3.5 million barrels per day during 2013.

The newspaper, OPEC will also discuss the high rates of non-OPEC production in 2013 by 900 thousand barrels per day comes mostly from developing to production of oil shale in the United States, dirt and oils in Canada.

And will present during the meeting the issue of rising energy production for a number of countries and a candidate for the increase, including the United Arab Emirates, where an estimated Bulletin Energy specialized oil of 2.6 million barrels per day in 2012 to 2.9 million barrels per day in 2013.

The meeting will, survival OPEC production on average high at 31.3 million barrels per day in 2012, some market sources estimated OPEC production during the month of November at 31.6 million barrels per day, compared to the production ceiling agreed by OPEC at 30 million barrels a day, or for demand OPEC oil in 2012 at 30.1 million barrels per day.

And will address OPEC to continue the ban on sales of oil from Iran and that contributed to the reduced production of Iran, according to sources market of 3.4 million barrels per day in January 2012 to 2.7 million barrels a day in October 2012, a reduction of 700 thousand barrels per day. / End / 22 /


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