Iraq demands BP and PetroChina to raise Rumaila oil output

According to media in Baghdad on July 23 reported that Iraq has been looking for international partners to develop the country's vast oil reserves, the world's No. 3 largest oil reserves in the hope that the country's largest oil field in Iraq Rumaila oil fields in the next 6 years to improve 2.

July 22, Iraqi Oil Minister Hussein Shahristani met in Baghdad largest oil company in Europe, No. 2 BP (BP) and the Chinese state-owned oil giant China National Petroleum Corporation (PetroChina) representatives, the two sides Rumaila field to discuss raising oil production plans. BP and PetroChina Shahristani request Rumaila oil fields to oil production from the current 95 million barrels per day to 2.85 million barrels per day.

Shahristani June 30 in the first post-war Iraq oil and gas field before the start of the auction said that Iraq will be through the development of six oil fields and two gas fields to the country's oil output from 2.4 million barrels to 400 million barrels per day. Iraq plans to hold its end of the year the sale of two tender to permit Iraq to increase oil production further to 600 million barrels per day.

According to the Iraqi Oil Ministry spokesman Assem Jihad said Joachim, Rumaila oil field development project partners will be in August this year to sign a service contract.

Jul. 24, 2009