Iraq Says Oil Output Capacity to Reach 12 Million Barrels a Day
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Iraq will raise its oil-production as planned to 12 million barrels a day in the next few years, even if actual production is only half that amount, depending on market demand, an Oil Ministry spokesman said.
“The planned production capacity is 12 million barrels a day, but we may only produce 6 million barrels a day,” Asim Jihad told state-sponsored Iraqiya television. “Iraq will produce in accordance with global crude market needs.”