PDA

View Full Version : Due to low Iraq output, MOL cuts down its production in forecast



Investors Iraq News
02-27-2014, 12:20 PM
Due to low Iraq output, MOL cuts down its production in forecast

Oil production of MOL is expected to be lowered down mainly due to lower-than-expected output from its fields in the Kurdistan region of Iraq, which had been seen as an important growth driver for its upstream business. Output was expected to fall to 91,000 to 96,000 barrels per day (bpd) this year from 96,900 in the fourth quarter of last year, before growing again in 2015, MOL said in an investor presentation Tuesday.

Source: IraqDirectory.com (http://www.iraqdirectory.com/en/2014/02/27/26506/due-to-low-iraq-output-mol-cuts-down-its-production-in-forecast.aspx)

Post your commentary below.