Iraqi Prime Minister: Our Goal is to Raise Oil Production to 10 Million Barrels Per Day

Baghdad, Nov 5 (KUNA) – Iraqi Prime Minister Ali al-Idi announced on Thursday that his government is working to raise the country’s crude oil production to 10 million barrels per day. The media office of the Iraqi Prime Minister’s Office said in a statement that this came during al-Idi’s meeting with representatives of the consortium of companies participating in the project for the crude oil pipeline transporting Iraqi oil to ports on the Mediterranean and Red Seas. The statement quoted al-Idi as saying that “his government is determined to remove all obstacles to the pipeline project supporting development in Iraq, which can contribute to increasing financial revenues and affirm Iraq’s position in global energy security.” He affirmed that the government is adopting an open-door policy in its dealings with foreign companies to overcome obstacles and bureaucracy, in light of the goals it is pursuing despite difficulties and challenges. He clarified that partnerships with American and multinational companies have important positive effects on Iraq’s economy, emphasizing that the United States and its companies are supportive of his country in this regard. The American consortium (Capital TI), the Qatari company (UCC), and the American company (Chevron) are scheduled to implement the Basra-to-export-pipeline project to export terminals in Syria, Jordan, and Turkey, as part of Iraq’s efforts to diversify its export routes. (End) A.H.H. / A.M.S.