Iraq Planning to Increase Al-Ahdab Production to 200,000 BPD

[krome2ez]

Iraq Planning to Increase Al-Ahdab Production to 200,000 BPD

Baghdad, (AKnews) – Iraqi energy authorities said that they intend to increase oil production at the newly opened al-Ahdab field to 200,000 bpd from current 40,000.

Al-Ahdab oil field was opened Saturday where China’s National Petroleum Corp. (CNBC) begun pumping oil from in the field in central Iraq at 40,000 bpd and with targets of 60,000 bpd in the coming weeks.

“CNBC has offered a study to the deputy prime minister for energy affairs Hussein al-Shahristani to increase the production in al-Ahdab field to 200,000 bpd by the end of 2012” said Faisal Abdullah, head of the Prime Minister’s office.

The 23-year deal with the CNP, worth about US$3 billion, was signed in 2008 – the first oil agreement reached between Iraq’s central government and an international oil company after 2003.

Iraq has awarded 15 oil and gas licenses since the 2003 war on Iraq that toppled Saddam Hussein.

http://iraqdailytimes.com/iraq-planning-to-increase-al-ahdab-production-to-200000-bpd/