Iraq to Increase Crude Production to 4 Million B/D

From MEMRI.

Iraqi Oil Minister Hussein Al-Shahristani has announced that Iraq will increase its oil production to four million barrels a day (b/d) as an intermediate step toward production of six million b/d. Finance Minister Baqir Al-Zubeidi said the increase will generate an additional income of $200 billion in the forthcoming period that would help Iraq carry out its development programs. He added that by reaching this level of production, Iraq will become a center of economic power in the region that would influence the relations with the neighboring countries.

Iraq has sites on becoming a center of economic power in the region.