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Iraq’s oil boom: How juniors beat the majors to the biggest opportunities

Posted on 06 December 2012

As the U.S. gears up to become the world’s top oil producer by 2017, another major energy development is shaking up the energy industry halfway around the globe. It’s happening in Iraq, the world’s third-largest oil exporter and second-largest OPEC oil producer.
What’s the story? According the International Energy Administration (IEA), oil production in Iraqis set to more than double over the next seven years to 6.1 million barrels per day. That adds up to 45% of the anticipated growth of oil’s global output through 2020, much more than any other nation………………………………………..Full Article: Source

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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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