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Related Articles
Basra Energy starts amid output push
The JV assumes the role of Rumaila’s main contractor as a new production target is set
Iraq shrugs off partner uncertainty to lift long-term target
The country has lifted its long-term production target to 8mn bl/d despite continued murmurings about IOC dissatisfaction
Iraq and IOCs: A complex web
Baghdad needs to improve its relationship with international partners. But beware assuming there are easy answers
Unlocking southern Iraq’s oil
Baghdad’s revisiting on contractual terms may need to be radical to stop IOC flight and offer alternatives to China
Iraq’s upstream shows signs of life
Baghdad is once again looking towards much higher long-term capacity goals
Upbeat outlook in Iraqi Kurdistan
Oil and gas developers in the semi-autonomous region are looking forward to a year of rebound
Turkey moves at pace on Black Sea gas
The country’s NOC is fast-tracking development of Sakarya, but any need to bring in partners could complicate progress
China’s Iraq influence keeps growing
Chinese companies have strengthened their already healthy position in the Iraqi oil and gas sector as other IOCs back off
Flare capture offers easy wins
Reducing gas flaring can both accelerate progress to net-zero and offer a swift boost to industry credibility
Iraq and Iran move further apart
Baghdad’s pivot away from its neighbour is increasingly extending to their shared resources
Iraq Turkey KRG
Gerald Butt
Istanbul
30 May 2017
Follow @PetroleumEcon
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Middle East tricky energy triangle

Baghdad's and Erbil's oil-output plans are entwined with political differences and Ankara's strategy to diversify energy sources

The ashen fabric of Iraqi life over the past few years has had at least one bright thread running through it: the oil sector has gone from strength to strength. Today, on the face of it, the prospects look good. Earlier this year, Iraq added 10bn barrels to its oil reserves, raising them to 153bn barrels. Now the country is about to go one step better. Oil minister Jabar al-Luaibi told the Iraq Energy Forum 2017 in Baghdad in April that a further 15bn barrels would be added by 2018. In this same period, he continued, oil-production capacity would rise from around 4.4m barrels a day to 5m b/d. Some Iraqi officials are daring to suggest that this figure could reach 9m b/d by 2040. The recent a

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