Iraq’s crude oil production will overtake Iran soon after 2015
The International Energy Agency (IEA) has said that Iraq is expected to miss its target of producing 12m barrels of oil a day by 2017 and could take another 20 years to achieve even half that level of output, Financial Times has reported. However, the IEA predicts Iraq’s crude oil production would overtake that of neighbouring Iran “by soon after 2015.”
You might also like...
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
Masdar and Etihad plan pumped hydro project
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.