MEPG: Iraq logs progress restoring oil output, exports

While security remains a serious challenge, Iraq is making progress in restoring production and export of crude oil and petroleum products, current and former officials of the Iraqi Oil Ministry said Sept. 9 in Dubai. Speaking at the Middle East Petroleum and Gas Conference, the Iraqis offered a rough timetable for increases in oil production and exports and projected needs of the Iraqi refining and gas processing industries.Thamir A. Al-Ghadhban, CEO of the Oil Ministry, estimated current oil production capacity at 2 million b/d but said output is limited by export capacity of no more than 1 million b/d.Al-Ghadhban said production capacity might reach 3 million b/d of oil by the end of n...

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