Production at the East Baghdad oilfield has reached 10,000 barrels per day, according to Aswat al-Iraq.
"The East Baghdad oilfield is the biggest in Iraq and Iraqi and Jordanian companies are drilling wells in it," Essam Jihad told the news agency.
"The ministry has mapped out a plan to develop it and signed a contract with an Iraqi drilling company to drill six wells, in addition to signing another deal with a Jordanian company to drill seven more wells."
With over eight billion barrels of extractable oil, East Baghdad is considered to be a 'super-giant' oil field. Discovered in 1976, it is 11 kilometres (6.8 miles) wide and 64 kilometres (40 miles) long, and lies partly under the Shiite district of Sadr City in eastern Baghdad.
Since it lies in a densely populated area, the work is proceeding more slowly than in the desert regions of southern Iraq.
There were no bid to develop the field when it was offered in the second oil licensing round.
(Sources: Aswat al-Iraq, Malta Today)