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Three Iraqi oil fields to pump 6m barrels, says minister
- Iraq: Tuesday, November 10 - 2009 at 10:12
Iraq's oil minister, Hussain al-Shahristani, has said he expects three of the country's oil fields to pump more than 6 million barrels a day once foreign companies complete development work they were awarded this year, Bloomberg has reported. 'This is higher than what we were hoping for from all the eight fields in the first bid round,' he said. Iraq is the only OPEC member not bound by the group's quotas system and expects this exemption to last for many years.
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StaffTuesday, November 10 - 2009 at 10:12 UAE local time (GMT+4)
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