Iraq Targets 7M Bpd, But Smarter Strategy Could Unlock Much More ...Middle East

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Iraq Targets 7M Bpd, But Smarter Strategy Could Unlock Much More
source : OILPRICE ( Middle East ) () 113
It seems that every now and again someone in Iraq’s Oil Ministry realises how much oil the country has left undeveloped and what a good idea it would be to increase production and sell more of it. The latest chap from the Ministry to make such a discovery (last Wednesday apparently) -- Undersecretary Ali Maarij – concluded that Iraq could boost its oil production to 7 million barrels per day (bpd) within the next five years. In fact, with one key adjustment to Iraq’s broad operating procedure in the sector, its oil production…

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