Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 25, Sunday 2018 3:12 AM       

       HEADLINES: Two including army man dies as tipper rams on to two bikes                                              There’s no discrepancy in postponing Madhu’s post-mortem: K K Shylaja                                              Forest officials helped in lynching Madhu: Madhu’s family                                              Madhu’s post-mortem begins under heavy protection                                              Govt fails, violence against minorities increased: National Commission for Minorities                                              PNB fraud: Govt moves NCLT to attach properties of Nirav Modi, Choksi                                              Modi to launch Amma Two-wheeler Scheme in Chennai                                              PNB fraud case: ‘Very tough to clear dues or pay salaries’, Choksi writes to employees                                              US to shift its embassy to Jerusalem in May                                              US teachers say #ArmMeWith resources, not guns                                              20 Afghan National Army soldiers killed                                              UN Security Council delays vote on Syria ceasefire                                              Cape Town T20I: Indian eves asked to bat first against Proteas                                              Kaumudi Facebook
       WORLD Next Article: Sharif says his opponents would fail to punish him  
       Iraq aims to raise oil output to 7 mn barrels: minister
 
         Posted on :01:26:28 Feb 15, 2018
   
A A
       Last edited on:01:26:28 Feb 15, 2018
         Tags: Iraq aims to raise oil output to 7 mn barrel
 
Kuwait City: Iraq, the second largest oil producer in the OPEC cartel, plans to sharply increase its output capacity to seven million barrels a day by 2022, its oil minister said today.
 
Iraq now has an oil production capacity of five million barrels per day (bpd) but is pumping just over 4.7 million under an OPEC output cut agreement.
 
"Our target is to reach seven million bpd by 2022," Jabbar al-Luaybi said, while presenting oil and gas projects available for private foreign investors.
 
Luaybi said Iraq sits on proven crude reserves of 145 billion barrels but he is confident the figure will jump to around 250 billion barrels with sufficient investment.
 
He said the war-battered nation plans to boost natural gas production to seven billion cubic feet per day by 2021 from the current output of 2.7 billion cubic feet.
 
Luaybi called on foreign investors to seize huge investment opportunities in the oil and gas sector where billions of dollars are required immediately in accordance with an Iraqi reconstruction plan.
 
He was speaking during the second day of the three-day Kuwait International Conference for the Reconstruction of Iraq where Baghdad hopes to collect pledges totalling 88.2 billion.
 
The minister said Islamic State group attacks in Iraq had reduced the country's refining capacity from 930,000 bpd to just 450,000 bpd.
 
But reconstruction efforts have succeeded in regaining 70,000 barrels per day.
 
He outlined plans to build seven new refineries with a production capacity of 700,000 bpd by 2021.
A A
       WORLD
Next Article: Sharif says his opponents would fail to punish him
 
 
WORLD HEADLINES
UN Security Council delays vote on Syria ceasefire  
20 Afghan National Army soldiers killed  
US teachers say #ArmMeWith resources, not guns  
US to shift its embassy to Jerusalem in May  
Canada flew celebrity chef to India at taxpayer expense for Trudeau  
Burqa-clad women playing board game at Mecca's mosque spark controversy  
Trump pledges to find long-term solution to gun violence  
Grenade hurled at US embassy in Montenegro  
Canadian MP apologises for inviting Atwal to Trudeau's dinner  
Khalistani terrorist invited for Trudeau reception  
Indian Peacekeepers provide veterinary support to farmers in South Sudan  
Investigate Obama administration over Russia meddling: Trump  
India expresses dismay over emergency extension in Maldives  
Khaleda Zia case: No trust existed when grant came in 1991  
Explosion in Jalalabad kills three  
Regime forces kill 77 in Syria  
Trudeau talks dynastic politics  
Trump takes swipe at Oprah Winfrey  
Israeli warplanes strike Gaza post rocket attack  
Russian church shooting leaves 4 dead  
Iran greatest threat to world: Netanyahu  
Passenger plane carrying 66 people crashes in southern Iran  
Should Melania 'leave' Donald Trump? See what polls say  
Ex-Playmate alleges affair with Donald Trump  
How heroic Indian-origin teacher saved many during Florida shooting  
 
Do you think Facebook empathy will help tragedy victims?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy