2 Hrs
Source:
وكالة الأنباء القطرية
Iraqi Ministry of Oil to boost output
The Iraqi Ministry of Oil confirmed that it is working to increase crude oil production and boost export rates in order to enhance financial revenues and support the national economy. The Minister of Oil directed the relevant companies to develop plans to increase production in line with the oil reserves, with clear estimates of production rates. Additionally, a memorandum of understanding was signed with the American company ExxonMobil to invest in seawater desalination to relieve pressure on the fields, with capacity reaching up to 2.5 million barrels per day. This is part of its strategy to raise production rates and increase oil output.
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