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Oil expert: Corruption prevented Iraq from reaching 7 million barrels per day
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Economy News - Baghdad
The oil expert, Hamza Al-Jawahiri, ruled out that Iraq's production would reach 8 million barrels per day during the next few years.
On June 19, 2022, Oil Minister Ihsan Abdul-Jabbar Ismail confirmed that oil production will reach 8 million barrels per day during 2027.
Al-Jawahiri said that it is difficult for Iraq's production to reach 8 million barrels per day, due to the failure to implement the sea water project, which transports water from the sea into the fields.
He added that the implementation of this project needs 3 years with hard work, in addition to digging wells and building an electricity system.
He stressed that corruption and some parties were prevented from raising Iraq's oil production to 7 million barrels per day now, through their interventions in stopping some projects, adding that Exxon Mobil presented an offer in 2011 to implement the sea water project, but it was stopped by the hand of corruption.
He pointed out that Iraq's oil production is now supposed to reach 7 million barrels per day, but today it reaches 4.6 million barrels.
Views 124
Added 08/19/2022 - 10:52 AM
Update 08/19/2022 - 1:18 PM
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The oil expert, Hamza Al-Jawahiri
The oil expert, Hamza Al-Jawahiri
[You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
Economy News - Baghdad
The oil expert, Hamza Al-Jawahiri, ruled out that Iraq's production would reach 8 million barrels per day during the next few years.
On June 19, 2022, Oil Minister Ihsan Abdul-Jabbar Ismail confirmed that oil production will reach 8 million barrels per day during 2027.
Al-Jawahiri said that it is difficult for Iraq's production to reach 8 million barrels per day, due to the failure to implement the sea water project, which transports water from the sea into the fields.
He added that the implementation of this project needs 3 years with hard work, in addition to digging wells and building an electricity system.
He stressed that corruption and some parties were prevented from raising Iraq's oil production to 7 million barrels per day now, through their interventions in stopping some projects, adding that Exxon Mobil presented an offer in 2011 to implement the sea water project, but it was stopped by the hand of corruption.
He pointed out that Iraq's oil production is now supposed to reach 7 million barrels per day, but today it reaches 4.6 million barrels.
Views 124
Added 08/19/2022 - 10:52 AM
Update 08/19/2022 - 1:18 PM
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