Production from Iraq's prized West Qurna Stage 1 oil field should more than triple to 750,000 barrels a day in three years time, an oil official said Sunday.The 8.6 billion barrel field, which is being developed by a consortium grouping Exxon Mobil and Shell, was among those awarded by Iraq during one its first international oil licensing rounds last year and is seen as a key part of the country's drive to boost overall output of a resource on which it relies for 95 percent of its foreign revenues.
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Source: Bloomberg
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