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Iraq oil minister says security allowed oil boost

Iraq oil minister says security allowed oil boost

Iraq's oil minister says improved security has allowed the country to boost its oil production _ which only now has attained at pre-war levels again.
Oil Minister Hussain al-Shahristani says the increase has enabled Iraq to earn nearly US$28.5 billion in revenues in the first five months of this year.
Production last month hit the pre-war level of 2.5 million barrels a day. And al-Shahristani told parliament that in the coming five years, Iraq should be able to produce between 4 and 4.5 million barrels a day.
Security in the oil producing areas of southern Iraq has improved since the government launched a crackdown on Shiite militias in late March.


Updated : 2021-01-28 14:37 GMT+08:00