Iraq’s daily oil production is expected to rise to 10 million barrels per day (bpd) in the forthcoming few years, thanks to the oil deals signed with international oil companies over the past few years, a leading Iraqi oil official said, according to Aswat Al Iraq news agency.
“Iraq’s daily oil production shall reach 10 million bpd in the forthcoming few years,” said Oil Ministry spokesman Assem Jihad during a tour of oil fields run by Iraq’s South Oil Company on Friday.
He said that “such [a] rise in Iraq’s oil productivity shall be achieved in the forthcoming 4-5 years,” during his visit to the fields in Basra and Omaya and also some of the company’s oil terminals.
Jihad said that the country’s current infrastructure building drive would help it reach the ambitious output target.
Iraq’s current daily oil production from its southern oil fields is 2.7 million bpd, of which 1.2 million bpd is exported, this figure is expected to rise to 3 million bpd by year-end.
