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Iraq to raise oil output over next five years

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/02/2016 (11:45)
According to media reports, Iraq’s Oil Minister Adel Abdel Mahdi stated that the country is planning to increase its oil production to 7 million barrels per day (bpd) over the next five years during a visit to Japan aimed at discussing investment and financing opportunities for Iraq’s energy infrastructure. The minister also added that 6 million barrels of the anticipated output will be exported.

Reportedly, Iraq’s oil output reached a record high level of 4.775 million bpd in January.
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