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Iraq, Int’l Oil Companies Holding Talks to Uphold Internal Production

© AP Photo / Hasan Jamali, FileIn this Wednesday, June 8, 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain
In this Wednesday, June 8, 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain - Sputnik International
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Baghdad has been holding discussions with International Oil Companies (IOC) in order to maintain and increase oil production levels in the country, Iraqi Oil Minister Adil Abdul-Mahdi said Thursday.

VIENNA(Sputnik) — Baghdad has been holding discussions with International Oil Companies (IOC) in order to maintain and increase oil production levels in the country, Iraqi Oil Minister Adil Abdul-Mahdi said Thursday.

"We are in discussions with IOCs in order to invite investors to proceed for the future increase and maintain some production," the Iraqi minister told reporters.

Iraq is OPEC’s second largest oil maker. It produces over four million barrels a day in territories including Kurdistan, and exports 3.2 million barrels.

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