Iraqi Halfaya Oilfield Production to Reach 370,000 b/d: Official

Iraqi Halfaya Oilfield Production to Reach 370,000 b/d: Official
KUWAIT – JANUARY 15: A derek pumps in a oil field January 15, 2003 near the Saudi Arabian border, Kuwait. Kuwait produces 10% of the worlds oil and has promised to increase production as needed in the event of a war in Iraq. (Photo by Joe Raedle/Getty Images)

Oil production from Halfaya oilfield in Iraq has increased by 100,000 barrels per day (b/d) to reach 370,000 b/d, an official told Reuters.

The boost to Halfaya’s output will increase Missan Oil Company’s total production to around 510,000 b/d.

Production rose after the completion of the oil processing facility, company head Adnan Noshi said on the sidelines of its opening ceremony.

The new crude facility, which has a capacity to process 200,000 b/d of crude oil, will help to further boost output from Halfaya to reach 470,000 b/d in Q1 2019, Noshi said.

Halfaya oilfield is operated by PetroChina and is considered the largest oilfield in Maysan province.

The oil production increase from Halfaya oilfield comes in line with Iraq’s strategy to boost its oil capacity to reach 5 million b/d.

Iraq is the second largest producer in OPEC with a total production of 4.55 million b/d.

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