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[14] [15] One stumbling block was the unpopularity of the law, as it is perceived by the Iraqi people. An opinion poll conducted in 2007 by Oil Change International and other groups shows 63% of Iraqis surveyed would "prefer Iraq's oil to be developed and produced by Iraqi state-owned companies [than] by foreign companies".
Between 100,000 barrels per day (16,000 m 3 /d) and 300,000 barrels per day (48,000 m 3 /d) of Iraq's declared oil production over the past four years could have been siphoned off through corruption or smuggling, according to a US Study from May 12, 2007. [34] National quality mark of Iraq
Khawr Al Amaya Oil Terminal Iraqi oil production has surged after years of disorder. [1] Historical development of oil production. Iraq was the world's 5th largest oil producer in 2009, and has the world's fifth largest proven petroleum reserves. Just a fraction of Iraq's known fields are in development, and Iraq may be one of the few places ...
On January 9, Iraqi Kurdistan started shipping oil through its crude pipeline to Turkey. While the oil shipped was a fraction of Iraq's total production, the implications are very large.
On March 25, 2023 Turkey stopped pumping around 450,000 barrels per day (bpd) of Iraqi oil, including some 370,000 bpd of KRG crude, via the pipeline to Ceyhan.
The Iraqi Ministry of Oil (MoO) Master Plan 2007 included the Iraq Crude Oil Export Expansion Project (ICOEEP) to expand the South Oil Company's export capacity from 1.75 Mbbl (278,000 m 3) of oil per day (MMBOPD) to 4.5 Mbbl (720,000 m 3) of oil per day by 2014.
After seizing control of the Iraqi government, Qasim demanded better terms from IPC but decided against nationalization of Iraq's petroleum assets. [2] In 1961 Iraq passed Public Law 80 whereby Iraq expropriated 95% of IPC's concessions and the Iraq National Oil Company was created and empowered to develop the assets seized from IPC under Law ...
Heading for Turkey to the north and Iran to the east, hundreds of oil tankers snake each day from near Kurdistan's capital Erbil, clogging the Iraqi region's often winding and mountainous highways.