Abdul-Mahdi: reduce the development of oil fields to $ 9 billion in costs

Tuesday, February 23, 2016 - 8:08

Oil Minister Adel Abdul-Mahdi said he has a review of the development costs for the foreign oil companies operating in Iraq's oil fields in 2016 downward to just over nine billion instead of $ 23 billion. He said Abdul-Mahdi, that most foreign oil companies agreed to the revised development costs. The oil minister, had arrived at the head of a delegation from his ministry to Japan, he announced that Iraq aspires to produce 7 million barrels per day over the next five years. "