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Iran, Iraq plan to join forces to become world’s new oil superpower

Posted on 30 January 2014

Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020. And Iraqi ministers are helping their Iranian counterparts to attract investment in oil ahead of the possible lifting of international sanctions imposed on the country.
Hussain al-Shahristani, Deputy Prime Minister for Energy in Iraq, told a conference in London: “We feel the world needs to be assured of fuel for economic growth. “Iran has been in touch with us. They want to share our contracts model and experience.”……………………………………….Full Article: Source


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