IRAQ vs UAE 2-3 AL GOALS AFC Asian Cup Australia 2015
IRAQ vs UAE 2-1 AL GOALS AFC Asian Cup Australia 2015 IRAQ vs UAE 2-1 AL GOALS AFC Asian Cup Australia 2015 IRAQ vs UAE 2-1 AL GOALS AFC Asian Cup Australia 2015 IRAQ vs UAE 2-1 ...
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IRAQ vs UAE 2-3 AL GOALS AFC Asian Cup Australia 2015 - Video
Amjad Kalaf Goal Iraq 2 - 1 United Arab Emirates 2015
Amjad Kalaf Goal Iraq 2 - 1 United Arab Emirates 2015 2 - 1 2015 Twitter: ALXrecords @iuiuu.
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Amjad Kalaf Goal Iraq 2 - 1 United Arab Emirates 2015 - Video
TIME World energy Iraq Shrugs Off Low Prices, Boosts Output To Record Levels Getty Images More is on the way as Iraq plans on doubling oil exports from its fields in the north near the city of Kirkuk
Despite oil prices at their lowest levels in five years, Iraq is producing at record levels.
For the month of December, Iraq produced nearly 4 million barrels per day, according to Oil Minister Adel Abdul Mahdi, an all-time high for the war-torn country. That is critical for a government that depends on oil for more than 90 percent of its revenues. Rather than paring back production levels to stop a price slide, Iraq is doing what all rational actors are aiming to do (if they can): produce more oil to make up for lost revenues from rock bottom prices.
Because of the new challenges, especially the price of oil, Iraq has to try its best to raise it oil production and exports, Deputy Prime Minister Rowsch Nuri Shaways said in Davos, Switzerland on Jan. 21.
OPEC has continuously vowed to let the market sort itself out rather than try to fix falling prices, which has the oil cartel staring down high-cost production in North America. In its latest monthly report, OPEC reported an uptick in production the 12-member group produced an average of 30.2 million barrels per day (bpd) in December, about 142,000 bpd more than the previous month. The increase came almost entirely from Iraq, which does not operate under the OPEC quota. Iraq managed to boost monthly output by 285,000 bpd, more than offsetting a decline of 184,000 bpd in Libya.
And more is on the way. Iraq plans on doubling oil exports from its fields in the north near Kirkuk. Currently, the Kirkuk fields export just 150,000 bpd, but pending pipeline upgrades will allow that figure to rise to 300,000 bpd in the coming few weeks, according to an official with Kirkuks oil and gas committee.
With production set to climb further, U.S. shale producers will be under even greater pressure. There is a lot of talk about breakeven prices for OPEC members and the stress they are under, but early evidence suggests they have an edge. OPEC production is inching upwards and U.S. shale producers are in the midst of slashing spending. That could allow the oil cartel to shore up its market share.
Iraq is defying the odds it managed to overcome an ISIS insurgency and political factionalism to strengthen its oil sector in an otherwise disastrous year in 2014. As recently as July, Iraq was on the verge of disintegrating, with ISIS militants overrunning the country and forcing the dissolution of much of the Iraqi military. The Kurdish Regional Government (KRG) was poised to make a bid for independence as it seized disputed territory abdicated by Iraqi security forces.
Will Plunging Oil Prices Crash The Stock Market?
When oil crashed in 2008 all hell was breaking loose. Lehman Brothers went up in smoke and stocks were in a nosedive. Oil has once again crashed -50% in only 6 months but equities havent followed at least not yet! Will stocks hold up going forward? You might find it hard to believe just how much wealth could have been created last time this happened. If we learn from the past, this could be a second chance to make an absolute fortune.
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Iraq Shrugs Off Low Prices, Boosts Output To Record Levels
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ON THE PODIUM: Ali Ahmed Mabkhout (left) of the United Arab Emirates celebrates a goal with team-mate Omar Abdulrahman after beating Iraq in the third-place match at the Asian Cup.
The United Arab Emirates secured third place in the Asian Cup defeating Iraq 3-2 on Friday night in a spirited encounter at Newcastle's Hunter Stadium.
The match had a little bit of everything including a red card, some sublime passing from UAE star Omar Abdulrahman and a likely Golden Boot-securing penalty from Ali Mabkhout but the difference was the brace from fellow UAE striker Ahmed Khalil who scored goals either side of halftime.
It was all the UAE and Khalil who dominated early in front of 12,829 fans and he had a great chance inside the first 10 minutes but couldn't put the header on target.
He made up for that in the 16th minute when Mabkhout stole possession at halfway and slipped a ball to Abdulrahman who took it in his stride before slipping a perfectly weighted pass to Khalil who duly beat the onrushing Mohammed Hameed in the Iraq goal.
Just three minutes later, Iraq nearly had the equaliser when Younus Mahmood's deflected shot hit the crossbar before his follow-up chip was tipped over by Khalid Eisa in the UAE goal.
The game had turned and Iraq dominated the rest of the first half, scoring first through Waleed Salim, who blasted straight through Eisa to level the scores on 28 minutes, before UAE were made to pay for a silly challenge by Abdulrahman just before the break.
Iraq moved the ball quickly from the free-kick and, when Eisa spilled a long-range shot from Mahdi Kamil Shiltagh, Amjed Kalaf Al-Muntafik was there to tap in and give Iraq a 2-1 lead at halftime.
Iraq started the second half as they finished the first and threatened the UAE goal - until, against the run of play, Khalil scored his second.
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UAE defeat Iraq 3-2 for third place at Asian Cup
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South Korea VS Iraq [AFC Asian Cup Semifinal 2015 01 26] (The Second Half) - Video