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Iraq is relying on oil wealth from its Basra province | ||
| 24/09/2014 | ||
Oil Minister, al-Mahdi said visited oil and natural gas installations in southern Iraq, saying there'd be a rise in production levels that would benefit the people of Iraq. Describing Basra as the economic capital of the country, the minister said oil, the ports and all parts of the energy sector would lift Iraq as a nation. On his Sunday’s visit, he said, "These are not just promises." "Our aim is to build Iraq," he added. Iraq last week said southern oil exports were 73.6 million barrels for August, down more than 2 percent from the previous month. Oil ministry spokesman Assim Jihad said oil from the southern port city of Basra was sent to nearly three dozen international companies. Kuwait Energy and Dragon Oil, two companies holding assets in Basra, announced the production of 2,000 barrels of oil per day during testing, describing the discovery as the "first significant success" in Iraqi portfolio. | ||
Last Update:: 24/09/2014 | ||
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