BAGHDAD (Reuters) - Iraq plans to increase oil output to 7 million barrels per day over the next five years, and export 6 million of that, Oil Minister Adel Abdel Mahdi said on Monday.
In a statement on the oil ministry's website, Abdel Mahdi also said Iraq would use all its gas production to supply the electricity grid and industry, requiring investments of $300 billion over the next 15 years.