Sign In / Up

Add contribution as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Comment as a guest

Your email will not be displayed publicly
Benefit of signing in/signing up to personalize comment

Login

Not a member Register   Forgot Password
or connect using
 

Email

 

Rudaw

Iraq

Iraq targets oil production of 7 million bpd by 2022

By Rudaw 15/2/2018
Iraqi Prime Minister Haider al-Abadi looks on during the Kuwait international conference for the reconstruction of Iraq on February 13, 2018. Photo: Yasser al-Zayyat | AFP
Iraqi Prime Minister Haider al-Abadi looks on during the Kuwait international conference for the reconstruction of Iraq on February 13, 2018. Photo: Yasser al-Zayyat | AFP
ERBIL, Kurdistan Region — Iraqi Oil Minister Jabbar al-Luaibi announced that Iraq wants to increase its oil production to 7 million barrels per day. The minister eyes increasing Iraq’s reserves with further exploration.

“At the moment, our situation, when it comes to production, is excellent thanks to God, and we stand at the threshold of 5 million bpd. The federal government plans to reach 7 million bpd by 2022,” Jabbar al-Luaibi, the Iraqi oil minister, told journalists in Kuwait on Wednesday.
 
He added that the refineries, Siniya, Haditha, Qayyara, and Kisk, destroyed by ISIS, have been rebuilt in northern Iraq.
 
“Now we produce from these refineries about 70,000 bpd,” Luaibi added.
 
Currently Iraq’s reserves stand at around 145 billion barrels, but the minister is confident that the reserves can be increased to 250 billion barrels with further exploration.
 
Last Thursday, the Iraqi oil ministry signed a contract with Ranya International to build a refinery in Kirkuk with a capacity of 70,000 bpd.
 
The refinery project is part of strategic projects by the ministry to increase Iraq’s production of oil derivatives.
 
Iraq and Jordan signed an agreement for a twin oil and gas pipeline from Basra to the port city of Aqaba on February 6.

Comments

 
dilan | 15/2/2018
abadi lived in uk for over 20 years and returns to swampland and becomes a war criminal and oil smuggler....20 years in uk and still failed to shake off his alibaba criminal past. once a alibaba always a alibaba
FAUthman | 15/2/2018
I dont know about Abadi whether he is an Alibaba or not, but I think he is too civilized to be one. For Kurds: uou had two choices: Broke and all alone or broke and part of a rich country? I recommended the latter over two years ago, as long as you are getting your rights and your share of the wealth!!
Non kurd | 18/2/2018
Flooding the market with excess oil is a great way to depress prices further. He ought to focus on eliminating Iranian terror groups established to undermine his authority, fire corrupt politicians, improve transparency within the government's ministries, promote alternative sources of income and end sectarianism.
1283 Views

Be Part of Your Rudaw!

Share your stories, photos and videos with Rudaw, and quite possibly the world.

What You Say

Trinity | 7/21/2018 10:05:50 PM
If you die in the hands in your enemies you not a hero unless you die in war or fight. This will provoke war crimes all along the roads. Exactly what...
DlawarYea | 7/21/2018 11:58:05 PM
@Dlawar. I agree, but that isn't such a bad thing. Since the mid 2000s none of the kurdish parties are trying for separatism. They are asking for a...
Family says execution of Kurdish prisoner in Iran is imminent
| yesterday at 10:57 | (5)
bane | 7/21/2018 9:41:47 PM
try it, please try it and see what happens
shahab | 7/21/2018 11:15:37 PM
Trump is about to chock iran. he will make life miserable for ayatolahs. corruption has become a swamp. there are unrising in all provinces. people...
If Iran can’t sell oil, no one else in region can either, says Khamenei
| 20 hours ago | (6)
IranMan | 7/21/2018 9:19:23 PM
"PJAK is one of several armed Kurdish groups active along the Kurdistan Region-Iran border. The party has ties with the Kurdistan Workers’ Party...
Loop | 7/21/2018 10:37:10 PM
After the Arabs conquered and murdered half of Persians and raped the other half you can’t claim to be Persian anymore.
PJAK claims responsibility for attack on Iranian forces, killing at least 10
| 14 hours ago | (10)
FREE LORESTAN | 7/21/2018 1:18:33 PM
What these invaders from Pakistan call persian is mostly Lorestani and Kurdish and Turkish. Most of Irans history is from Lorestan language religion...
Trinity | 7/21/2018 10:35:27 PM
Persian is a kurdish dialect not the other way! And prohibiting kurdish is like prohibition of Persian language. This guy is nothing more than a nazi...
Minister warns of 'dangers' of education in languages other than Persian
| 19/7/2018 | (12)

Elsewhere on Rudaw

New Iraqi government may take another 3 months to form amid protests 12 hours ago |

New Iraqi government may take another 3 months to form amid protests

Iraq’s southern provinces have been rocked by more
Ripple effect: TEDxNishtiman returns to Erbil 12 hours ago |

Ripple effect: TEDxNishtiman returns to Erbil

"As the wave becomes bigger and bigger, it will more
Parties eager for skilled politicians in next Kurdistan parliament 14 hours ago | (2)

Parties eager for skilled politicians in next Kurdistan parliament

"If we want to have a strong government, our MPs more
0.859 seconds