| From Dow Jones: The International Energy Agency said Tuesday that Iraq's oil output will catch up with that of regional rival Iran by around 2015 but won't hit the country's ambitious targets, sending a mixed message on Iraq's ambitious plans despite a reassessment of reserves.
In its annual outlook report, the IEA--which represents some of the world's largest energy consumers--said Iraq's crude output will be ""catching up with Iran by around 2015."" But it also forecasts oil output in Iraq at 7 million barrels a day by 2035, compared with about 2 million barrels a day at present..............................................Full Article: Source
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