Iraq Sees Return to Oil Growth

By John Lee.

Thamir Ghadhban (pictured), chairman of the advisory commission to Iraq’s Council of Ministers, has said that he expects a robust return to growth next year as foreign companies push output from the southern oilfields to new records.

Output is expected to rise by at least 500,000 barrels per day to an average of 3.5 million bpd, as the Majnoon, Garraf and Halfaya oilfields ramp up, and the Badra field comes on line.

Production this year is likely to average more than 3 million bpd, slightly up on 2012, but by the end of the year rates are likely to reach a level of 3.5 million bpd, added the former oil minister.

(Source: Reuters)

5 Responses to Iraq Sees Return to Oil Growth

  1. Cristiano Ronaldo October 25, 2013 at 6:13 pm #

    Pleeeease, make sure that Mr Sharistani shut his mouth in order to keep the foreign companies in Iraq. Otherwise, nothing new under the sun

  2. […] year rates are likely to reach a level of 3.5 million bpd, added the former oil minister. Source: Iraq Sees Return to Oil Growth | Iraq Business News Originally Posted by Oafman Why Saddam? Why not another of the world's brutal dictators, some […]

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  1. Muslims Kill Christians, Bottle Their Blood, And Sell It For $100,000 --To Saudis - Page 38 - Christian Forums - January 10, 2014

    […] year rates are likely to reach a level of 3.5 million bpd, added the former oil minister. Source: Iraq Sees Return to Oil Growth | Iraq Business News Originally Posted by Oafman Why Saddam? Why not another of the world's brutal dictators, some […]