Minister aims for top spot within seven years
Hussain al Shahristani, Iraq’s oil minister expects the country to become the world’s top oil producer in the next six to seven years, according to Reuters’ reports.
Iraq produced some 2.4m barrels-a-day (b/d) in 2008, up 13 per cent on 2007 levels.
“We can’t find a reason to prevent Iraqi production becoming higher than any other Opec state or even states outside Opec,” said Shahristani.
Unlike the other 11 members of the oil cartel, Baghdad is not currently subject to production quotas.
You might also like...
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.