Aug 29 2013
By Shaymaa Adel
Azzaman, August 29, 2013
New gigantic oil fields will soon come on stream adding up to 400,000 barrels per day to Iraqi output, the Ministry of Oil said.
The ministry’s spokesperson Asim Jihad said the field of Gharraf will make a debut on Iraqi oil scene in early September, churning out 35,000 barrels a day.
In October, the gigantic Majnoon, one of the largest oil fields in the world, will start producing followed by West Qurna and Badra.
“In the coming months, and let us say with the start of the new year (2014) Iraq will have added 400,000 barrels to its output,” Jihad said. “This will reflect positively on volume of oil exports and royalties.”
Jihad put current Iraqi oil output at 3.25 million barrels a day.
By the end of 2013, the country will be producing more than 3.5 million barrels, he said.
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