Iraq is seeking to raise the production of the southern fields to six million barrels per day in three years
Thursday, March 22, 2012 15:21
BAGHDAD / Baghdadiya News / .. The Ministry of Oil in Baghdad, Thursday, for the Southern Oil Company sought to raise the production fields to six million barrels per day over the next three years.
He said Iraqi Oil Minister Abdul Karim told and coffee / Baghdadiya News, that “the objective of the six oil contracts held by the company is to raise production to six million barrels per day over the next three years.” And added… to coffee to “production fields in the south currently has 2.3 million barrels a day, and that the export capacity of two million barrels a day.”
Iraq has the fourth-largest oil reserves in the world, and entered into contracts with major oil companies to raise production levels, which currently amounts to about 2.9 million barrels per day to up to 12 million barrels per day by 2017.