Al-Shahristani said the deal with Iran includes the building of pipe lines from Basra in southern Iraq to the Abbadan Iranian oil refinery.
Iraq, a member in the Oil Producing and Exporting Countries (OPEC), expects its oil production to steadily increase during the next ten years to reach 6m barrels per day from the current 2.5m, but its plans depend on the security situation.
The production growth also depends on the long awaited federal oil and gas law which aims at attracting foreign investments estimated at billions of dollars by determining the basic principles of operation.
Source: Noozz
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