Record breaking month for Iraqi oil industry
Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said in Cairo.
That compares with output of 3.17 million barrels a day in November, according to the Organisation of Petroleum Exporting Countries' (Opec) last monthly report.
Iraq has risen this year to the rank of Opec's second-biggest producer. Its output may gain to 3.7 million barrels a day next year and four million barrels in 2014, according to the minister.
"We have an ambitious plan to develop the industry," al-Luaibi said. Opec will decide on a successor to Secretary-General Abdalla El-Badri by May, al-Luaibi said.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue
- Minister: Egypt’s Oil, Gas Production Breaks Record
- OPEC: not the same group without quotas
- Iraqi military industries producing equipment for oil industry
- How Kuwait's massive spending is slowly destroying its budget plans
- Need an extra $42.4 billion? For this Gulf country, this surplus is a real possibility in 2014