Iraq seeks to increase oil production by up to 6 million barrels per day and resume Kurdistan exports
Shafaq News/ Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani confirmed on Wednesday that the ministry is working to strengthen projects to sustain and increase oil production, and implement the requirements of the five-year plan to reach a production rate of 6 million barrels per day.
This came in a speech while chairing the leadership meeting for operations within the ministry.
In the refinery sector, the minister said: We have achieved a significant increase in production, and we plan to reach self-sufficiency and stop imports. The coming period will witness the completion of a number of promising projects that achieve our goals.
He added, “We have succeeded in promoting associated gas investment projects, and the past period has witnessed an increase in the quantities of gas invested from oil fields, and this year will witness the addition of (200) mqmq from invested fields within the work tasks of the Basra Gas Company, in addition to promising increases from the fields of the two Maysan oil companies.” Dhi Qar.
Abdul Ghani went on to say: We are working to resume the export of crude oil through the northern port, to enhance financial revenues to support the state treasury, in reference to the Kurdistan Region.
He continued by saying that the Ministry achieved an increase in financial revenues over planned in 2023, and we hope to achieve more during the new year.
shafaq.com
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