Iraqi Oil Minister Abdul Karim Luaibi (center), Deputy Prime Minister for Energy Hussain al-Shahristani (second from right), and Nihad Mousa (right), the head of the State Company for Oil Projects, preside over a ceremony marking the expansion of the Basra refinery. (Photo courtesy of the Office of the Deputy Prime Minister) Iraq’s average daily exports rose by 551,000 barrels per day (bpd) in February – a 26 percent jump from January – as the oil sector benefited from infrastructure repairs, upgrade projects, and debottlenecking work.That momentum will need to continue over the coming months because several major fields are scheduled to bring more than 500,000 bpd of new production online by the end of the year, led by the start-up of West Qurna 2, which operator Lukoil is set to push to 300,000 bpd. This… This content is for registered users. Please login to continue. If you are not […]