+44(0) 800 772 3004

Rehabilitated Oil Fields Expected to Produce 500,000 bpd

Recently awarded 6 oil blocks to significantly increase Iraq's crude oil output

Iraq Oil Minister Jabar al-Luiaibi expects production of 500,000 barrels per day to be produced from the 6 oil fields awarded in the recent bid round. The 6 fields located near the Iranian and Kuwaiti borders are to be rehabilitated by the winning bidders of Crescent Petroleum, Geo-Jade and United Energy Group.

Source: Oil and Gas Journal


Read more news like this

Oil and Gas News