Missan Oil Company to Increase Output by 20%

The Missan Oil Company expects to increase output by 20 percent to 120,000 barrels a day by the end of this year

The company’s Director General Ali Muarej told Boomberg that ten wells will be made operational at the Halfaya field south of Baghdad in the next two months to raise production.

Total, China National Petroleum Corporation (CNPC), and Petronas are developing Halfaya.

CNPC has a 50 percent share in the project, with Total and Petronas each owning 25 percent.

(Source: Bloomberg)

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