By Patrick M Schmidt.
The Dubai-based division of the Russian oil company, Lukoil announced revise production figures for the West Qurna-2 fields.
The company began production in March 2014 with an output of approximately 120,000 barrels of oil per day. Current production levels are now at 300,000 barrels of oil per day.
It is expected output will reach 400,000 barrels of oil per day by next year.
West Qurna-2 has an estimated 13 billion barrels of oil in reserve and is located approximately forty miles from the city of Basra.
(Source: Gulf News)