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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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kgbellman Champion Author Ann Arbor Posts:2,713 Points:731,840 Joined:Mar 2011	Message Posted: Aug 12, 2012 12:54:24 AM Ignore kgbellman Report Abuse Hopefully good for their citizens - let's see if it's good for our citizens.
nightworker998 Champion Author Maryland Posts:1,812 Points:667,590 Joined:Mar 2009	Message Posted: Aug 11, 2012 11:59:06 PM Ignore nightworker998 Report Abuse That what happens when the terrorists stop sabotaging the works.
Vette1967 Champion Author Albany Posts:5,962 Points:1,275,475 Joined:Jun 2009	Message Posted: Aug 11, 2012 11:57:48 PM Ignore Vette1967 Report Abuse It's a good start to help rebuild their country. Maybe this time they will pass some of the profits down to its citizens.
jkpsr Champion Author New Jersey Posts:4,079 Points:1,101,905 Joined:Jun 2005	Message Posted: Aug 11, 2012 11:54:20 PM Ignore jkpsr Report Abuse Now if we just keep the terrorists from attacking the pipelines.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Aug 11, 2012 11:45:17 PM Ignore pastorpaulcg Report Abuse Cool
stratlinetime Champion Author Kalamazoo Posts:2,281 Points:563,835 Joined:Feb 2011	Message Posted: Aug 11, 2012 11:44:36 PM Ignore stratlinetime Report Abuse Ok
N4PIP All-Star Author Miami Posts:902 Points:419,390 Joined:Jan 2012	Message Posted: Aug 11, 2012 11:41:50 PM Ignore N4PIP Report Abuse Can we take the profits and begin to pay down the U.S. national debt that Bush created from his occupation of Iraq?
rxman1 Champion Author Toledo Posts:9,545 Points:1,861,895 Joined:Nov 2007	Message Posted: Aug 11, 2012 11:39:43 PM Ignore rxman1 Report Abuse Loer cost oil
CAroadrunner101 Champion Author California Posts:1,827 Points:1,316,175 Joined:Mar 2009	Message Posted: Aug 11, 2012 11:37:16 PM Ignore CAroadrunner101 Report Abuse so...
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Aug 11, 2012 8:04:01 PM Ignore Agarre Report Abuse Good for us
ktbaeohana Champion Author Las Vegas Posts:2,306 Points:422,000 Joined:Mar 2010	Message Posted: Aug 11, 2012 4:04:08 PM Ignore ktbaeohana Report Abuse watch and see.
leeac Champion Author Ohio Posts:1,596 Points:433,905 Joined:Jan 2012	Message Posted: Aug 11, 2012 2:09:46 PM Ignore leeac Report Abuse So I guess now we get paid back for our investment of blood and money in Iraq.
Night Owl Champion Author Toronto Posts:7,555 Points:1,787,575 Joined:Jul 2004	Message Posted: Aug 11, 2012 1:50:45 PM Ignore Night Owl Report Abuse Good, Iraqi oil can replace the oil from those Iranian crybabies.
leemun Champion Author Utah Posts:5,533 Points:1,040,125 Joined:May 2010	Message Posted: Aug 11, 2012 12:38:03 PM Ignore leemun Report Abuse Could this stastic be the result of decreased production in Iran because of the embargo?
sljbc475 Champion Author Tucson Posts:4,220 Points:872,375 Joined:Dec 2010	Message Posted: Aug 11, 2012 12:29:50 PM Ignore sljbc475 Report Abuse Glad to see Iraq back in the oil business at levels before the war.
BudsterMO Champion Author Kansas City Posts:3,710 Points:703,930 Joined:Aug 2009	Message Posted: Aug 11, 2012 12:20:29 PM Ignore BudsterMO Report Abuse It looks like Iran is turning into North Korea. They have produced a 1% upper military / religious class and a 99% poor remainder.
jjjleblanc Champion Author Rochester Posts:5,877 Points:1,519,305 Joined:Jun 2008	Message Posted: Aug 11, 2012 12:05:25 PM Ignore jjjleblanc Report Abuse Iraq has a bigger pool of buyers with ability to pay. [Edited by: jjjleblanc at 8/11/2012 1:06:22 PM EST]
iagdboy Champion Author Albany Posts:1,196 Points:497,475 Joined:Jun 2011	Message Posted: Aug 11, 2012 12:02:02 PM Ignore iagdboy Report Abuse yippee
ted4636 Champion Author Cleveland Posts:3,486 Points:1,637,660 Joined:Jun 2007	Message Posted: Aug 11, 2012 11:13:56 AM Ignore ted4636 Report Abuse $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
DblChek Champion Author San Antonio Posts:2,345 Points:615,245 Joined:Jul 2008	Message Posted: Aug 11, 2012 11:07:59 AM Ignore DblChek Report Abuse Sorry, still don't trust anyone over there. [Edited by: DblChek at 8/11/2012 12:09:20 PM EST]
playtimeCLE Champion Author Cleveland Posts:8,560 Points:1,544,375 Joined:Nov 2008	Message Posted: Aug 11, 2012 11:07:33 AM Ignore playtimeCLE Report Abuse 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]
AC-302 Champion Author Los Angeles Posts:26,582 Points:2,902,095 Joined:Aug 2004	Message Posted: Aug 11, 2012 11:04:20 AM Ignore AC-302 Report Abuse 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.
CollegeMan21 All-Star Author Colorado Posts:838 Points:457,160 Joined:Sep 2006	Message Posted: Aug 11, 2012 11:00:36 AM Ignore CollegeMan21 Report Abuse Good for Iraq, now they better be our friends forever.
gasper Champion Author Edmonton Posts:4,488 Points:1,368,495 Joined:Mar 2002	Message Posted: Aug 11, 2012 11:00:04 AM Ignore gasper Report Abuse It would be nice if the Shiite and Sunni people could share the wealth in the area and stop killing each other.
BrucePen Champion Author Ontario Posts:6,606 Points:1,362,815 Joined:Sep 2008	Message Posted: Aug 11, 2012 10:58:30 AM Ignore BrucePen Report Abuse Good news.
RBob Champion Author Portland Posts:3,374 Points:2,347,875 Joined:May 2004	Message Posted: Aug 11, 2012 10:57:33 AM Ignore RBob Report Abuse 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.
Digger52 Champion Author Chicago Posts:2,407 Points:848,935 Joined:Aug 2008	Message Posted: Aug 11, 2012 10:57:20 AM Ignore Digger52 Report Abuse OK
rwrMO Champion Author Missouri Posts:2,546 Points:581,170 Joined:Jun 2011	Message Posted: Aug 11, 2012 10:54:50 AM Ignore rwrMO Report Abuse wish our production stayed here to help our prices at the pump.
bullfrog42 All-Star Author Texas Posts:843 Points:170,880 Joined:May 2011	Message Posted: Aug 11, 2012 10:54:30 AM Ignore bullfrog42 Report Abuse I hope they use some the profits to rebuilt land
northeast2 Champion Author New York Posts:3,849 Points:1,007,200 Joined:Mar 2008	Message Posted: Aug 11, 2012 10:54:18 AM Ignore northeast2 Report Abuse How about selling it to the USA at $40/bbl?
WeasleyOC Champion Author Orange County Posts:3,149 Points:802,325 Joined:Jul 2008	Message Posted: Aug 11, 2012 10:51:16 AM Ignore WeasleyOC Report Abuse Okay.
flatrock14 Champion Author Michigan Posts:2,650 Points:776,780 Joined:Oct 2010	Message Posted: Aug 11, 2012 10:51:14 AM Ignore flatrock14 Report Abuse i know some one cares
bridgerunner Champion Author Virginia Posts:4,787 Points:1,006,835 Joined:Jul 2009	Message Posted: Aug 11, 2012 10:48:27 AM Ignore bridgerunner Report Abuse Good for them!
mossimo36 Champion Author St. Louis Posts:2,665 Points:496,850 Joined:Sep 2011	Message Posted: Aug 11, 2012 10:48:24 AM Ignore mossimo36 Report Abuse The world needs their oil to offset the Iranian idiots
ILANGE9 Champion Author Illinois Posts:7,615 Points:1,597,200 Joined:Sep 2008	Message Posted: Aug 11, 2012 10:45:38 AM Ignore ILANGE9 Report Abuse 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.
nehemiah Champion Author Portland Posts:4,761 Points:930,615 Joined:Jul 2007	Message Posted: Aug 11, 2012 10:43:05 AM Ignore nehemiah Report Abuse good job Iraq, all started by President Bush for they are on their way to a better life
FocusGuy Champion Author Seattle Posts:7,057 Points:1,412,755 Joined:Apr 2009	Message Posted: Aug 11, 2012 10:42:13 AM Ignore FocusGuy Report Abuse snuf Iran. it'll be good
red5529 Champion Author Alabama Posts:4,264 Points:1,459,135 Joined:Mar 2008	Message Posted: Aug 11, 2012 10:42:11 AM Ignore red5529 Report Abuse Some one has to make up for what Iran isn't being allowed to sell.
memo81 Champion Author St. Louis Posts:2,348 Points:444,500 Joined:Feb 2012	Message Posted: Aug 11, 2012 10:42:03 AM Ignore memo81 Report Abuse Good job Iraq.
bbreff Champion Author Atlanta Posts:9,848 Points:2,568,415 Joined:Jun 2005	Message Posted: Aug 11, 2012 10:41:18 AM Ignore bbreff Report Abuse BIG DEAL
mplato Champion Author Columbia Posts:8,254 Points:1,816,245 Joined:Jun 2004	Message Posted: Aug 11, 2012 10:41:01 AM Ignore mplato Report Abuse should have years ago...why is obummer still letting iran to pump after all his bellowing
tc316 Champion Author Twin Cities Posts:10,786 Points:1,727,630 Joined:Apr 2007	Message Posted: Aug 11, 2012 10:39:38 AM Ignore tc316 Report Abuse Good for?????
essel Champion Author Virginia Posts:2,713 Points:1,044,445 Joined:Nov 2007	Message Posted: Aug 11, 2012 10:39:30 AM Ignore essel Report Abuse OK
no_monkey2002 Champion Author Tallahassee Posts:8,415 Points:2,070,950 Joined:Mar 2006	Message Posted: Aug 11, 2012 10:37:58 AM Ignore no_monkey2002 Report Abuse DRILL BABY DRILL
Pramodsharma Champion Author Richmond Posts:1,974 Points:387,390 Joined:Feb 2012	Message Posted: Aug 11, 2012 10:35:23 AM Ignore Pramodsharma Report Abuse 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.
jimgraham Champion Author Akron Posts:10,372 Points:1,979,960 Joined:Oct 2007	Message Posted: Aug 11, 2012 10:31:09 AM Ignore jimgraham Report Abuse Pump it up! Ship it out.
tatker Champion Author Asheville Posts:1,966 Points:559,830 Joined:Dec 2010	Message Posted: Aug 11, 2012 10:24:15 AM Ignore tatker Report Abuse So why r prices going up?
CISA Champion Author Orange County Posts:5,946 Points:1,398,990 Joined:Dec 2006	Message Posted: Aug 11, 2012 10:16:17 AM Ignore CISA Report Abuse more oil = lower prices, except in BHO's fantasy land
skinsfan125 Champion Author Virginia Posts:1,557 Points:283,250 Joined:Jul 2010	Message Posted: Aug 11, 2012 10:11:16 AM Ignore skinsfan125 Report Abuse b.s.
firefly09 Champion Author San Diego Posts:2,497 Points:716,700 Joined:Mar 2009	Message Posted: Aug 11, 2012 10:10:16 AM Ignore firefly09 Report Abuse Lets just use our own oil. We have plenty.