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December 27, 2010

Iraq's Oil Production Reaches Highest in 20 Years to 2.6 Million Barrels

Iraq’s oil production exceeded 2.6 million barrels a day for the first time in 20 years, newly appointed Oil Minister Abdul Kareem al-Luaibi said at a press conference in Baghdad.

The rising output will boost Iraq’s oil exports by 5 percent to 2 million barrels a day next month, Falah al-Amri, head of the country’s State Oil Marketing Organization, said today in an interview in Baghdad.



Oil output hovered around 2.4 million barrels a day since the 2003 U.S.-led attack that ousted the regime of President Saddam Hussein.

Al-Luaibi vowed to speed up the increase in output and development of exploration and drillings in collaboration with international companies operating in the country.

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