KARBALA / Aswat al-Iraq: The Iraqi oil ministry seeks an increase in production to hit 12 million barrels pd day (bpd) during the next six years as well as develop natural gas fields, according to the minister, Hussein al-Shahrestani, on Thursday.“This figure is the normal rate of Iraq's production but for the policies pursued by the former regime,' Shahrestani said in statements to reports during a visit to the province of Karbala.
“The ministry has laid a strategy and fine plans to reach this figure of productivity. The two rounds of oil tenders with the global corporations in this domain are falling in the framework of these plans,' he added.
Shahrestani pointed out that the ministry also seeks the development of natural gas fields to reach global levels. “This is what the ministry will be working on during the third round of tenders'.