Iraq seeks to boost oil output

VIENNA: Iraq plans to boost oil production to as much as 3.8 million barrels a day in 2013, matching the record reached in 1979, the country's oil minister said.

The Arab nation will export 2.9 million barrels a day in 2013, from 2.6 million last month, Abdul Kareem al-Luaibi told reporters in Vienna, where he is attending this week's Opec meeting.

The country aims to build a one million-barrel-a-day pipeline to Jordan, he said.
"We plan to increase production, and we may reach 3.8 million barrels a day by the end of next year, which would meet the record high in 1979," al-Luaibi further added.

The Iraqi government will hold a roadshow on December 14 in London for the construction of a pipeline to export crude oil through Jordan's Red Sea port of Aqaba, he said. The pipeline's capacity will include 150,000 barrels to Jordan's refinery in Zarqa, al-Luaibi said.
The government's plans include construction of a second export pipeline through Syria with a capacity of one million barrels, once unrest in the neighbouring country ends, he said.


 Rate this Article
Rates : 0, Average : 0

Share more.

Post a Comment

Did you like this section? Leave a comment!
Your Name : Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted