Iraq is looking to persuade IOCs to boost investment in its major fields as it eyes future output gains. But investment in storage and export infrastructure is needed to facilitate production growth.
Iraqi Oil Minister Jabbar al-Luaibi is eying up a fresh attempt to boost export capacity from the south of the country. More than 85% of Iraq’s exports in the first eight months of the year have been through export facilities in the southern province of Basra, even when those from the autonomous Kurdistan region in the north are included. (CONTINUED - 843 WORDS)