Iraq oil output likely to hit 3.4mn bpd by year end

DUBAI: Iraqi oil production is likely to hit 3.4 million barrels per day (bpd) while exports are expected to average 2.9 million bpd by next year, the top energy advisor to the Iraqi prime minister said on Tuesday.

"Next year, the plan is for 2.9 million barrels per day of export," Thamir Ghadhban told reporters on the sidelines of an industry event in Dubai.

Iraqi Oil Minister Abdul-Kareem Luaibi said earlier this week that Iraqi crude exports were to exceed 2.6 million barrels per day (bpd) in September and estimated production at more than 3.3 mln bpd.