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Iraq’s crude output to rise by 200,000 bpd in 2010

Gulf state’s Oil Minister says floating terminals to ease bottlenecks

By Kevin Baxter  
Iraq's crude output to rise by 200,000 bpd in 2010
Iraq's crude output to rise by 200,000 bpd in 2010
By Kevin Baxter  

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The Iraqi Oil Minister has said that the Gulf state’s crude oil output to rise by 200,000 barrels per day (bpd) in 2010.

Reuters reported that Hussain Shahristani said that the installation of floating terminals will raise output capacity by more than 2 million bpd by mid-2011.

“We will not have any bottlenecks to stop us increasing exports this year,” Shahristani is reported by Reuters as saying.

 

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