Iraq to Announce Supplementary Bidding Round for Mansuriya Field

Iraq plans to announce within a month a supplementary bidding round to the last one signed for the development of a number of Baghdad’s eastern fields, most prominent of which is the Mansuriya natural gas field, Iraq’s Oil Minister Hayyan Abdul Ghani told an audience at an event in the country’s capital.

Abdul Ghani said his country, OPEC’s second largest producer, plans to boost crude oil production to between 5 million and 6 million barrels a day or more, while adhering to OPEC’s limits, without further explanation about the timings to do so. The country is working to be ready for any increase in the output average in accordance with OPEC requirements, he said. The country’s average exports only from the southern ports are at 3.3 million barrels a day for the current month.