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Oil ministry achieves highest production since 2003
 BAGHDAD / Aswat al-Iraq: The daily oil production in Iraq rose to 2.5 million barrels, the biggest since 2003, spokesman of the oil ministry said on Wednesday.The daily oil production rose by 10% through cooperation among national and foreign companies, Essam Jehad told Aswat al-Iraq news agency, pointing out that this is the highest production since 2003. Iraqs newly appointed oil minister said the countrys daily oil production has increased by 100,000 barrels a day to 2.5 million barrels a day. Abdul-Karim Elaibi said the increase came from two southern major oil fields that are being developed by Western companies. Elaibi says his top priority is to develop Iraqs dilapidated oil infrastructure and increase export capacity from southern terminals to 4.5 million barrels a day, from the current 1.6 million barrels a day.
Posted by: Steve White 2010-12-23 |
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