Former Iraqi oil minister has said his country could more than triple oil output by 2017
Former Iraqi oil minister Thamir Ghadhban has said his country could more than triple oil output by 2017, Reuters has reported. “I expect we will reach a capacity of 8 million barrels a day (b/d) within the next six-seven years,” Ghadhban told a conference. Iraq signed deals with international oil companies following auctions last year that could in theory take capacity to 12 million b/d by 2017, a figure that most analysts view as unrealistic.
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