Related Articles
Iraq aims to lift nationwide production capacity by two-thirds
Forward article link
Share PDF with colleagues

Iraq’s upstream shows signs of life

Baghdad is once again looking towards much higher long-term capacity goals

Iraq’s oil production hit a ten-month peak of 3.9mn bl/d in March, as the Opec+ cuts with which the country has, admittedly reluctantly, largely complied with began to ease. And federal export revenues were their highest for a year, ever since the brief Saudi-Russia oil price war was followed by Covid-19. With more production curbs set to lift and the prospect of further revenue growth, Iraq’s oil minister Ihsan Ismaael looked to the future in late March. The country’s new goal is to hike nationwide capacity—including that controlled by the Kurdistan Regional Government (KRG) in the semi-autonomous north—by some two-thirds, to 8m bl/d, by 2029. 8mn bl/d – Baghdad’s 2029 output go



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video