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Oil ministry plans to boost production to 12m bpd

20 June 2010

The Iraqi oil ministry plans to raise oil production to 12 million barrels per day during the next six years as well as develop natural gas fields, Aswat al-Iraq has reported. "The ministry has laid a strategy and fine plans to reach this figure of productivity. The two rounds of oil tenders with the global corporations in this domain are falling in the framework of these plans," oil minister, Hussein al-Shahrestani was quoted as saying. The minister pointed out that the ministry also seeks the development of natural gas fields to reach global levels during the third round of tenders.

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