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Iraq raises the state of emergency for Majnoon oil field
Economy News Baghdad
Iraq has lifted the state of emergency declared in the Majnoon oil field in the south of the country due to floods, Iraqi Oil Minister Thamer al-Ghadhban said on Saturday.
The minister said in a statement published by the Ministry of Oil on its website that the floods did not affect the production in the field, which produces 240 thousand barrels per day.
He added that the state of emergency was announced as a precautionary measure because of floods that swept through the region during the winter and spring.
The state-run Basra Oil Company took over operations in the field after Royal Dutch Shell withdrew last year.
Iraq announced plans to increase production in the field of Majnoon to 450 thousand barrels per day in 2021.
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