Iraq is pumping about 200,000 barrels a day (b/d) at present, compared with prewar output of about 2.5 million b/d. On 19 May, in a separate interview with Reuters, Ghadhban said that continuing security problems had forced a revision of production targets, with mid-July now the aim for output to reach 1.3 million b/d. 'In some areas it is getting worse rather than better,' he said. 'What we anticipate on production may not be attainable if the security situation makes repairs impossible.' The situation is worst in the south of the country. The southern Rumailla field is pumping only 80,000 b/d.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.