Production - Foreign - The Petroleum Industry in Iraq, 1932

Crude oil production in Iraq during 1932 was maintained at slightly higher levels than in 1931, but the output continued to be restricted to the requirements of local consumers. The Iraq Petroleum Co., representing British, American and French interests, which has been operating within its concession east of the Tigris River since 1926, began drilling operations on Apr. 5, 1927, and completed its first well at Baba Gurgur on Oct. 14, 1927, to which area the company has since confined its drilling activities. Relatively small quantities of oil have been produced annually, but the products have been utilized in company operations and have not been offered on the Iraq market. The Khanaqin Oil Co., which has its field of operation at Naft Khana in the so-called Transferred Territories, has been supplying the Iraq market with petroleum products from Iraq wells since March 12, 1927. The output of the Khanaqin Oil Co. refinery, at Alwand, during the past three fiscal years ending March 31, has been as follows: (In Barrels of 42 Gallons Each) 1930 1931 11931 Gasoline................................. 102,940 104,571 118,012 Kerosene................................ 104,010 108,112 111,624 Fuel oil...........................1 286,9001 332,142 354,244 503,850 544,825 583,880 The Iraq Petroleum Co. has a small topping plant, with a capacity of about 150 bbl. a day, used in the manufacture of petroleum products for the company's own needs. During the 1932 fiscal year, the production was 3918 bbl. of gasoline and 2235 bbl. of kerosene, as compared with 8157 bbl. of gasoline and 6308 bbl. of kerosene during the preceding fiscal year.