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Commodities Briefing - Categorized | Market Moves, Oil more

Iraq eyes 10 mln bpd oil target despite IEA report

Posted on 11 October 2012

Iraq insisted on Wednesday its oil output could reach up to 10 million barrels per day by 2020, far higher than a prediction from the International Energy Agency which outlined several risks.
The latest forecast from Iraq’s deputy prime minister responsible for energy affairs, Hussein al-Shahristani, came as the IEA released its Iraq Energy Outlook report, forecasting Iraq’s oil production to increase to 6.1 mbpd by the end of the decade but warning of factors impeding output growth………………………………………..Full Article: Source


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