The latest news on Iraq Oil Production – oil companies, oil output and more – brought to you by Iraq Business News
Iraq expects output at its Nassiriya oilfield to hit 100,000 barrels per day (bpd) in 2014, the head of state-run South Oil Co. (SOC) said on Friday, after the OPEC member decided to develop the field on its own.
Iraq expects crude output from its southern oilfields, Rumaila, Majnoon and West Qurna Phase One, to reach about 2.1 million barrels per day (bpd) by the end of this year, the head of South Oil Company (SOC) said yesterday.
Iraq, which last year awarded ten contracts to oil majors, expects to boost oil output to 3.2 million barrels per day (bpd) by the end of 2011, a top official said.
Oil exports from Iraq's semi-autonomous northern Kurdish region will start only after the formation of a new Iraqi government, the region's natural resources minister said.
