Iraq aims to increase oil production from various fields to more than 1 million barrels per day by the end of 2014, executives from the Northern Oil Co told AFP.
Iraq
aims
to increase oil production from various fields to more than 1 million barrels
per day by the end of 2014, executives from the Northern Oil Co told AFP.
"We adopted a plan to increase the production" and export of oil,
said Hamid Abdelrizak al-Saadi, company general manager.
An executive in the company's planning and investment department said on
condition of anonymity that "the plan is to increase production to more
than 1 million barrels per day by the end of 2014" from about 600,000 bpd
now.
Saadi said the plan for the company, which is in charge of oil and gas fields
in
Kirkuk
,
Anbar, Salaheddin and
Nineveh
provinces, includes increasing production from the
Kirkuk
field
to 600,000 bpd from 280,000 bpd.
The plan also includes developing the Bai Hassan field, also in
Kirkuk
, to
increase production to 250,000 bpd from 195,000 bpd.
And the company aims to boost output from the Jambur field in northern
Kirkuk
to
80,000 bpd from 36,000 bpd and the Ajeel field in Salaheddin province to 35,000
bpd from 25,000 bpd.
It will also develop the Hamrin field in Salaheddin to increase production from
between 20,000 and 25,000 bpd to 60,000 bpd by the beginning of 2013.
And there is a project for Angolan state oil company Sonangol to develop the
two fields of Qayara and Najmah in
Nineveh
province, south of
Mosul
, so
they produce 230,000 bpd in the next three years, he added.
Saadi also said it had carried out a study on building new pipelines to the
border with
Syria
and
repairing or replacing old pipelines.
Oil sales account for the vast majority of Iraqi government income and around
two thirds of gross domestic product.
Oil Minister Abdelkarim al-Luaybi has said
Iraq
plans
on increasing production and exports this year to 3.4 million bpd and 2.6
million bpd, respectively.
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