Iraq's crude oil production is expected to rise to 4.5 million barrels a day by the end of next year, a senior Iraqi oil official said Monday.
Iraq
's
crude oil production is expected to rise to 4.5 million barrels a day by the
end of next year, a senior Iraqi oil official said Monday.
Thamir Ghadhban, the Iraqi prime minister's top energy advisor, said in a
conference in
Dubai
that
Iraq
is
considering three scenarios for increasing crude oil production that will be
debated in Parliament next month.
Of these, the "medium scenario" would raise
Iraq
's
production to 9 million barrels a day by the end of 2020 from around 3.3
million barrels a day at present, while the "high scenario" would
boost production to 13 million barrels per day.
"If we choose to go for medium or high scenarios, by the end of 2014,
Iraq
's
production will be in excess of 4.5 million barrels a day," he said.
This medium scenario is seen as the most realistic, according to oil officials
from
Iraq
,
which is a member of the Organization of the Petroleum Exporting Countries.
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