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Federal Ministry of Oil

Federal Ministry of Oil latest

Al Bawaba
September 26th, 2011 - 01:32 GMT

Turning around Iraq’s oil sector

Years of conflict have left Iraq’s oil infrastructure crippled. However, as Iraq’s approved $37 billion (Dh135.9 billion) programme to upgrade the country’s infrastructure and security requirements starts rolling out, Iraq will become one of the biggest investment opportunities for companies in the energy sector. Iraq sits on the third largest oil reserves in the world and pumps 2.75 million barrels per day (bpd) of crude. This figure is projected to ...
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