Iraq eyes crude production of 4 million b/d by 2010: oil minister

Iraq eyes crude production of 4 million b/d by 2010: oil minister

Tokyo (Platts)--24Oct2006

Iraq is confident that it can boost its crude production to 4 million b/d
by 2010, using its own financial and technological resources, oil minister
Hussein al-Shahristani told a press conference in Tokyo Tuesday.
The country is eyeing a further increase in production to 6 million b/d
by 2012 or 2013. But this would require the assistance of foreign oil
companies, al-Shahristani said.
Iraq is currently producing 2.5 million b/d, according to the minister.
Al-Shahristani has held meetings with Japanese Minister of Economy, Trade
and Industry Akira Amari over the past two days to discuss Japan's possible
contribution to the restoration of Iraq's war-damaged oil industry. The
ministers are meeting again Tuesday afternoon and are expected to issue a
joint communique at the conclusion of their talks.
--Takeo Kumagai, takeo_kumagai@platts.com

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