Production Rates from Record Oil Of Iraq And The United Arab Emirates

Study for BP: China’s largest importer New York – Agencies UAE, Iraq has seen rates of oil production record in 2013, while Saudi Arabia remained the largest producer in the world, and remains the Middle East’s largest oil exporter in the world. And show an annual statistical study of energy around the world, published by BP, the United Arab Emirates produced 3.6 million barrels, Iraq produced 3.1 million barrels of oil per day during the year 2013, a record rate for both countries. As the study pointed to Saudi Arabia issued a list of oil-producing countries around the world, share the productivity increase of 13.1 percent. Russia came in second place share of the productivity increase of 12.9 percent, and the United States ranked third share of 10.8 percent. The study noted that the United States was responsible for the largest volume of growth in production during the year 2013.

Remained the Middle East’s largest producer and exporter of oil in the world, about one-third of global production, but its share of global reserves declined steadily over the past two decades, according to a study of BP . The study added that the share fell from 63.6 percent of all the precautions in the year 1993 to 47.9 percent of global reserves today, has been the cause of low returns share the Middle East to the high production rates in other places, especially Africa and the United States.

The study noted decline in the production of OPEC oil, the first decline happening to her since 2009, which was attributed to a decline in oil production countries such as Libya, about 520 thousand barrels per day, Iran is about 190 thousand barrels per day, and Saudi Arabia about 110 thousand barrels per day , Nigeria and about 100 thousand barrels per day. The highest increase productivity between the countries of OPEC’s share of the UAE, about 250 thousand barrels per day. According to a study BP, the 5 most prominent state owns reserves in the Middle East is Saudi Arabia, Iran, Iraq, Kuwait and the UAE. The share of Saudi Arabia 15.8 percent of these reserves, and Iran share of 9.3 percent, 8.9 percent and Iraq, and Kuwait 6 percent, 5.8 percent and the UAE.

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