| 24.12.2009 - Iraq to rival Saudi Arabia in OPEC oil stakes: analysts |
| From Dailystar.com.lb: A surge from Iraq’s oilfields will occupy OPEC crude producers in coming years as the recovering country’s output challenges that of Saudi Arabia, observers said as the cartel held its latest meeting. Iraq has signed several contracts this month with foreign oil companies and said it could raise production to 12 million barrels a day by 2016 – a level to rival Saudi Arabia, the world’s biggest oil producer.........................................Full Article: Source |