English: Oil revenues to reach $200 billion annually
Baghdad, Dec 13, P. 1
Oil Minister Hussein Alshihristani announced that total revenues of the country from developing the ten fields which bidded during two rounds of licenses amount about $200 billion annually.
The ministry finished yesterday the second licenses round with submitting 7 out of 10 oil fields to develop, for consortiums of Shell, Chinese CNPC, Angolian Sonangoal, Russian LukOil, Malaysian Petronas and Russian Gasprom.
The minister added that these fields' production amounts 11.14million b/d, would be added to national production of about 1million b/d, so Iraq's oil production would reach 12million b/d within six years
Baghdad, Dec 13, P. 1
Oil Minister Hussein Alshihristani announced that total revenues of the country from developing the ten fields which bidded during two rounds of licenses amount about $200 billion annually.
The ministry finished yesterday the second licenses round with submitting 7 out of 10 oil fields to develop, for consortiums of Shell, Chinese CNPC, Angolian Sonangoal, Russian LukOil, Malaysian Petronas and Russian Gasprom.
The minister added that these fields' production amounts 11.14million b/d, would be added to national production of about 1million b/d, so Iraq's oil production would reach 12million b/d within six years