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ViewpointOctober 3 2011

Oil minister plans to show the world Iraq's potential

The Iraq government’s plans to increase oil exports from 2.2 million barrels per day to 4 million opens up a wealth of investment opportunities. Oil minister Abdul Karim al-Luaibi tells Courtney Fingar what this could mean for the conflict-torn country.
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Oil minister plans to show the world Iraq's potential

Q: If you look forward five or 10 years, where do you think Iraq will be as an oil producer? What kind of volumes would you expect and what kind of clout would you have in the global oil industry?

A: Personally, I am very optimistic regarding this outlook. We look forward to Iraq, even in less than five years, being a top oil-producing and exporting country. We set a target for the term of the current government. Our target is to export more than 4 million barrels a day at the end of this term. Of course, we are in a position to make a fully integrated plan to absorb all the expected increases and build appropriate infrastructure.

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