Iraqi oil Minister says the country’s oil capacity could reach 12 million barrels per day in six years. Talking to newsmen in Baghdad, Hussein al-Shahristani said the contracts awarded over the past two days, coupled with those from the last auction in June and government efforts, would allow Iraq to boost daily production from 2.5 million barrels to 12 million. Earlier, a joint bid by Russian and Norwegian oil firms, won a contract for the country’s supergiant West Qurna field said to have reserves of 13 billion barrels. <br/>
News On AIR | December 12, 2009 8:17 PM
Iraq oil capacity could reach 12 million barrels per day in 6 years: Iraqi oil Minister