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Increase crude oil production in Iraq to 6.5 million barrels per day by 2022
April 02 2018 12:55 p
April 02 2018 12:55 p
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[rtl][rtl]Iraqi Oil Minister - Archival[/rtl]
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BAGHDAD (Reuters) - Iraq's cabinet unveiled a plan to increase its crude oil production to 6.5 million bpd by 2022.
In a government statement, the council said Iraq was OPEC's second largest producer after Saudi Arabia, planning to award oil and gas exploration and development contracts in 11 new concession areas on April 15.
Iraq's oil minister, Jabbar al-Luaibi, said in January that the current production capacity is close to five million barrels per day.
Iraq produces more than 4.4 million bpd, in line with the 14-member Organization of the Petroleum Exporting Countries (OPEC) agreement and some outside producers, including Russia, to cut supplies to boost crude prices.
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Baghdad Post
[rtl]BAGHDAD (Reuters) - Iraq's cabinet unveiled a plan to increase its crude oil production to 6.5 million bpd by 2022.
In a government statement, the council said Iraq was OPEC's second largest producer after Saudi Arabia, planning to award oil and gas exploration and development contracts in 11 new concession areas on April 15.
Iraq's oil minister, Jabbar al-Luaibi, said in January that the current production capacity is close to five million barrels per day.
Iraq produces more than 4.4 million bpd, in line with the 14-member Organization of the Petroleum Exporting Countries (OPEC) agreement and some outside producers, including Russia, to cut supplies to boost crude prices.
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