Dec 08 2010 |
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Maliki holds meeting with Eni chief executive officer
BAGHDAD: Production at the Zubair oil field in Iraq has reached the level needed to recover costs, Italian energy company Eni said.Eni Chief Executive Officer Paolo Scaroni met Iraqi Prime Minister Nouri al-Maliki in Baghdad on the sidelines of an official state visit by Italian Foreign Minister Franco Frattini.
The Italian energy company noted the meeting took place in "the usual climate of friendship."
Eni said production at Zubair would reach 1.2 million barrels of oil equivalent per day at full capacity. Production at the field has increased from 183,000 barrels of oil per day to more than 201,000 bpd, which the company said was the minimum needed to trigger cost recovery.
Target production at Zubair is expected to be reached within six years.
© Aswat Aliraq 2010
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