TSXV:ART.H - Post by User
Comment by
Baxter4on Jun 17, 2010 11:26pm
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Post# 17200581
RE: RE: Kurdistan region - global energy player
RE: RE: Kurdistan region - global energy playerMinister for Natural Resources,Ashti Hawrami stated that the Region will have pipeline capacity tocarry 100million barrels per day within 15months, will be a netexporter of oil within two years, and will actually be pumping100million barrels per day out of the ground within four years.
I think the reporter who wrote this should be proof checking before it gets published. The entire Earth only produces about 85MMbbl/d now. I seem to remember Iraq is going to try to improve production to around 10MMbbl/d, but I doubt they can do that even in 4 years.