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[rtl]Date of release: 2018/1/13 16:20 • 226 times read[/rtl]
Iraq's oil minister, Jabbar al-Allaibi, said on Saturday that the production capacity of Iraq is approaching to reach five million barrels per day.
"The production of oil from Iraq is currently about 4.3 million barrels per day," he said during an energy conference in Abu Dhabi, noting that "an agreement to reduce oil production between OPEC producers and externally should continue despite the strong rise in oil prices, That oil markets still need more time to stabilize. "
He added that "his ministry intends to conclude three contracts with international gas companies by the middle of this year to benefit from gas in the south of the country," stressing that "Iraq plans to eliminate the burning of gas associated with the extraction of oil without exploitation by 2021."
Iraq is forced to burn some of the rising gas during the process of extraction of crude oil because it does not have suitable facilities to enter into the process allows use.
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Al-Allaibi: Oil production is close to 5 million barrels per day
[/rtl][rtl]Date of release: 2018/1/13 16:20 • 226 times read[/rtl]
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[rtl]Iraq's oil minister, Jabbar al-Allaibi, said on Saturday that the production capacity of Iraq is approaching to reach five million barrels per day.
"The production of oil from Iraq is currently about 4.3 million barrels per day," he said during an energy conference in Abu Dhabi, noting that "an agreement to reduce oil production between OPEC producers and externally should continue despite the strong rise in oil prices, That oil markets still need more time to stabilize. "
He added that "his ministry intends to conclude three contracts with international gas companies by the middle of this year to benefit from gas in the south of the country," stressing that "Iraq plans to eliminate the burning of gas associated with the extraction of oil without exploitation by 2021."
Iraq is forced to burn some of the rising gas during the process of extraction of crude oil because it does not have suitable facilities to enter into the process allows use.
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