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Iraq oil production surpasses Iran

NEW YORK (CNNMoney) -- Oil production in Iraq surpassed that of its regional rival Iran last month, highlighting the impact of continued investment in Iraq and Western sanctions on Iran.

Iraqi oil production inched over the 3 million barrel a day mark in July, according to numbers released Friday by the International Energy Agency. That's 300,000 barrels per day higher than the country's average output in 2011.

IEA said much of July's increase was due to the opening of a new offshore tanker-loading facility in the Persian Gulf.
Oil production in the country has been slowly but steadily climbing since the end of the war as the Iraqi government and partners such as Exxon Mobil,, Chevron, and Total work to repair existing fields and hunt for new sources. With oil prices around $90 per barrel, Iraq's production..


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Submitted Aug 11, 2012 By: 1studman
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Author Topic: Iraq oil production surpasses Iran Back to Topics
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kgbellman
Champion Author Ann Arbor

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Message Posted: Aug 12, 2012 12:54:24 AM

Hopefully good for their citizens - let's see if it's good for our citizens.
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nightworker998
Champion Author Maryland

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Message Posted: Aug 11, 2012 11:59:06 PM

That what happens when the terrorists stop sabotaging the works.
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Vette1967
Champion Author Albany

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Message Posted: Aug 11, 2012 11:57:48 PM

It's a good start to help rebuild their country. Maybe this time they will pass some of the profits down to its citizens.
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jkpsr
Champion Author New Jersey

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Message Posted: Aug 11, 2012 11:54:20 PM

Now if we just keep the terrorists from attacking the pipelines.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Aug 11, 2012 11:45:17 PM

Cool
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stratlinetime
Champion Author Kalamazoo

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Message Posted: Aug 11, 2012 11:44:36 PM

Ok
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N4PIP
Champion Author Miami

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Message Posted: Aug 11, 2012 11:41:50 PM

Can we take the profits and begin to pay down the U.S. national debt that Bush created from his occupation of Iraq?
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rxman1
Champion Author Toledo

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Message Posted: Aug 11, 2012 11:39:43 PM

Loer cost oil
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CAroadrunner101
Champion Author California

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Message Posted: Aug 11, 2012 11:37:16 PM

so...
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Agarre
Champion Author Richmond

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Message Posted: Aug 11, 2012 8:04:01 PM

Good for us
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Aug 11, 2012 4:04:08 PM

watch and see.
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leeac
Champion Author Ohio

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Message Posted: Aug 11, 2012 2:09:46 PM


So I guess now we get paid back for our investment of blood and money in Iraq.
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Night Owl
Champion Author Toronto

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Message Posted: Aug 11, 2012 1:50:45 PM

Good, Iraqi oil can replace the oil from those Iranian crybabies.
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leemun
Champion Author Utah

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Message Posted: Aug 11, 2012 12:38:03 PM

Could this stastic be the result of decreased production in Iran because of the embargo?
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sljbc475
Champion Author Tucson

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Message Posted: Aug 11, 2012 12:29:50 PM

Glad to see Iraq back in the oil business at levels before the war.
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BudsterMO
Champion Author Kansas City

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Message Posted: Aug 11, 2012 12:20:29 PM

It looks like Iran is turning into North Korea. They have produced a 1% upper military / religious class and a 99% poor remainder.
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jjjleblanc
Champion Author Rochester

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Message Posted: Aug 11, 2012 12:05:25 PM

Iraq has a bigger pool of buyers with ability to pay.



[Edited by: jjjleblanc at 8/11/2012 1:06:22 PM EST]
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iagdboy
Champion Author Albany

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Message Posted: Aug 11, 2012 12:02:02 PM

yippee
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ted4636
Champion Author Cleveland

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Message Posted: Aug 11, 2012 11:13:56 AM

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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DblChek
Champion Author San Antonio

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Message Posted: Aug 11, 2012 11:07:59 AM

Sorry, still don't trust anyone over there.

[Edited by: DblChek at 8/11/2012 12:09:20 PM EST]
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playtimeCLE
Champion Author Cleveland

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Message Posted: Aug 11, 2012 11:07:33 AM

So what does that even tell us? Iraq was in the same spot Iran is 20 years ago...
And is that including Kurdish oil?



[Edited by: playtimeCLE at 8/11/2012 12:09:42 PM EST]
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AC-302
Champion Author Los Angeles

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Message Posted: Aug 11, 2012 11:04:20 AM

We need a pipeline going West or South to export that oil. If we could do that, possibly through Turkey or Saudi Arabia and the Emirates, we could possibly bypass the Gulf, and neutralize Iran's threats.
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CollegeMan21
Champion Author Colorado

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Message Posted: Aug 11, 2012 11:00:36 AM

Good for Iraq, now they better be our friends forever.
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gasper
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Message Posted: Aug 11, 2012 11:00:04 AM

It would be nice if the Shiite and Sunni people could share the wealth in the area and stop killing each other.
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BrucePen
Champion Author Ontario

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Message Posted: Aug 11, 2012 10:58:30 AM

Good news.
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RBob
Champion Author Portland

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Message Posted: Aug 11, 2012 10:57:33 AM


Sure hope they are investing it wisely and maybe it will stop the foreign aid we are sending to them. My trust level is not super high.

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Digger52
Champion Author Chicago

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Message Posted: Aug 11, 2012 10:57:20 AM

OK
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rwrMO
Champion Author Missouri

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Message Posted: Aug 11, 2012 10:54:50 AM

wish our production stayed here to help our prices at the pump.
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bullfrog42
All-Star Author Texas

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Message Posted: Aug 11, 2012 10:54:30 AM

I hope they use some the profits to rebuilt land
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northeast2
Champion Author New York

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Message Posted: Aug 11, 2012 10:54:18 AM

How about selling it to the USA at $40/bbl?
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WeasleyOC
Champion Author Orange County

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Message Posted: Aug 11, 2012 10:51:16 AM

Okay.
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flatrock14
Champion Author Michigan

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Message Posted: Aug 11, 2012 10:51:14 AM

i know some one cares
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bridgerunner
Champion Author Virginia

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Message Posted: Aug 11, 2012 10:48:27 AM

Good for them!
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mossimo36
Champion Author St. Louis

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Message Posted: Aug 11, 2012 10:48:24 AM

The world needs their oil to offset the Iranian idiots
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ILANGE9
Champion Author Illinois

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Message Posted: Aug 11, 2012 10:45:38 AM

How about Iraq paying us bad? After all, if not for us and all allies they'd still be under Saddam's control. The Iragis used us and now it's time they pay up.
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nehemiah
Champion Author Portland

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Message Posted: Aug 11, 2012 10:43:05 AM

good job Iraq, all started by President Bush for they are on their way to a better life
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FocusGuy
Champion Author Seattle

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Message Posted: Aug 11, 2012 10:42:13 AM

snuf Iran. it'll be good
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red5529
Champion Author Alabama

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Message Posted: Aug 11, 2012 10:42:11 AM

Some one has to make up for what Iran isn't being allowed to sell.
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memo81
Champion Author St. Louis

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Message Posted: Aug 11, 2012 10:42:03 AM

Good job Iraq.
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bbreff
Champion Author Atlanta

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Message Posted: Aug 11, 2012 10:41:18 AM



BIG DEAL

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mplato
Champion Author Columbia

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Message Posted: Aug 11, 2012 10:41:01 AM

should have years ago...why is obummer still letting iran to pump after all his bellowing
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tc316
Champion Author Twin Cities

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Message Posted: Aug 11, 2012 10:39:38 AM

Good for?????
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essel
Champion Author Virginia

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Message Posted: Aug 11, 2012 10:39:30 AM

OK
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no_monkey2002
Champion Author Tallahassee

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Message Posted: Aug 11, 2012 10:37:58 AM

DRILL BABY DRILL
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Pramodsharma
Champion Author Richmond

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Message Posted: Aug 11, 2012 10:35:23 AM

Will this have some impact on end users price for Gas? It won't at this stage but have when production will drop as an excuse for gas price rise.
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jimgraham
Champion Author Akron

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Message Posted: Aug 11, 2012 10:31:09 AM

Pump it up! Ship it out.
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tatker
Champion Author Asheville

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Message Posted: Aug 11, 2012 10:24:15 AM

So why r prices going up?
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CISA
Champion Author Orange County

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Message Posted: Aug 11, 2012 10:16:17 AM

more oil = lower prices, except in BHO's fantasy land
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skinsfan125
Champion Author Virginia

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Message Posted: Aug 11, 2012 10:11:16 AM

b.s.
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firefly09
Champion Author San Diego

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Message Posted: Aug 11, 2012 10:10:16 AM

Lets just use our own oil. We have plenty.
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