Iraq oil capacity to reach 12 mln bpd: Shahristani

Iraq's oil capacity will reach 12 million barrels per day from all the contracts it is negotiating with world companies, Oil Minister al-Shahristani said.

Iraq oil capacity to reach 12 mln bpd: Shahristani

Iraq's oil capacity will reach 12 million barrels per day (bpd) from all the contracts it is negotiating with international companies, as well as its own efforts, Oil Minister Hussain al-Shahristani said on Saturday.

Projected plateau production from a second round of bidding for oilfields, held on Friday and Saturday, alone is 4.765 million bpd, he said.

Shahristani also said that Iraq still has "scores" of oilfields, including supergiants and giants, to offer international oil companies.

Iraq' second oilfield auction since the 2003 U.S. invasion marked a "major success," Iraqi government spokesman Ali al-Dabbagh told Reuters.

Reuters
Last Mod: 12 Aralık 2009, 17:09
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