Iraq can realistically target crude production of 6 million to 7 million barrels a day, a senior Royal Dutch Shell PLC (RDSB) executive said Thursday.
Iraq
can
realistically target crude production of 6 million to 7 million barrels a day,
a senior Royal Dutch Shell PLC (RDSB) executive said Thursday.
Iraq "has acknowledged" that its post-war output target of 11 million
barrels a day by 2020 is too ambitious, said Ruth Cairnie, Shell executive vice
president for strategy and planning.
However, the country--which the International Energy Agency says has steadily
been improving production by 250,000 barrels a day since August--can
realistically grow output from current levels of around 2.68 million barrels a
day to between 6 million and 7 million barrels a day.
Shell, which is renovating the giant Majnoon field with
Malaysia
's
Petronas, is one of the largest oil companies operating in
Iraq
.
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