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Iraq to add 600,000 bpd to oil output

16 May 2010

Iraq expects to add 600,000 barrels per day of new oil to boost output from around 2.6 million bpd to 3.2 million bpd by the end of 2011, Iraqi deputy oil minister Abdulkarim al-Laibi has been reported as saying by the AFP. "In general the companies we signed with will make the 10% capacity rise for the first round awards and initial production rates for the second round fields within the next two years," al-Laibi said.

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