Energy agency says Iraq will miss 2017 production target

04 November 2010

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.”

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