Iraq to raise production capacity of Siba gasfield in Basra

Iraq plans to raise the production capacity of the Siba gasfield in Basra to 100 million standard cubic feet per day from 60 million currently.

The state-owned Basra Oil Company aims to increase the number of wells drilled in the field from 10 to boost its production capacity, the Iraq News Agency reported on Friday citing a statement from the country’s Oil Ministry.

“Siba field is one of the important gasfields,” said Hayan Abdul Ghani, Iraq’s Oil Minister. The site also produces 1,200 tonnes of liquid gas, producing 1,000 barrels of…