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Iraq plans to increase crude oil production capacity new oil field bidding in April

Iraq plans to conclude a deal 1 general plan to increase crude oil production capacity new oil field bidding in April

April 4, 2018

[news about the significant increase in the shear strength of new Chinese coatings] the Iraqi cabinet approved a plan to improve Iraq's crude oil production capacity on April 1. According to this plan, Iraq's crude oil production capacity should reach 6.5 million barrels per day in 2022

in January, Iraqi oil minister Jabbar luaibi said that Iraq's current crude oil production capacity is 5million barrels per day. Reuters reported that according to the supply reduction agreement between the organization of Petroleum Exporting Countries (OPEC) and other oil exporting countries, Iraq now produces more than 4.4 million barrels of oil per day

ASIM Jihad, spokesman of the Iraqi Ministry of oil, said on April 1 that Iraq plans to award the bid winning enterprises the right to explore and develop oil and gas in 11 new oil and gas fields on April 15

and when using reinforcing materials, Jihad said that Iran will issue bidding documents to enterprises with bid intention on April 13. All enterprises must bid on the 15th, and the bidding results will be produced on the same day

the above-mentioned new oil fields are distributed in the border areas between Iraq and Iran and Kuwait and the coastal waters of the Gulf

Iraq is the second largest oil producer of OPEC, second only to Saudi Arabia. More than 90% of the revenue of the Iraqi government comes from the oil industry

the Iraqi Ministry of oil said on the 1st that Iraq exported 3.455 million barrels of crude oil per day from southern ports in February

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