An Iraqi Oil Minister revealed their upcoming plan to increase production to 8 million bpd.
Iraqi Oil Minister Thamer al_Ghadhban revealed his country's plans to increase their crude oil output to 8 million bpd. He said that the Oil Ministry will employ technological, economic and administrative transitions in order to enhance their capability to meet the vigorous development in the oil industry.
He says they see their capability to meet this new target in the next two decades. At present Iraq's production is above 4 million barrels per day.
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