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Maliki oil adviser sees Iraq output tripling

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 10:30 PM
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Maliki oil adviser sees Iraq output tripling
Iraqi oil production should nearly triple in the next few years as it explores more areas and attracts investment, the former Iraqi oil minister said on Friday.

Thamir Ghadhban, who held the post from June 2004 to May 2005 and now advises Iraqi Prime Minister Nuri al-Maliki on oil and energy issues, said Iraq's government planned to increase production to 6 million barrels per day by 2015.

"Iraq is one of the least-explored countries among the major oil producers," Ghadhban told an audience at Stanford University in California.

Iraqi oil production is currently 2.25 million barrels per day, slightly less than production during Saddam Hussein's rule. Exports are 1.7 million barrels per day.

http://www.alertnet.org/thenews/newsdesk/N09366808.htm
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