Opec's second biggest oil producer plans 6mn b/d output by 2020, up from around 4.65mn b/d now. But burdensome ‘technical service contracts’ have scared off many IOCs, and Baghdad is increasingly turning to its national oil companies for development. Will Iraq’s new government rise to the immense challenges facing the country’s upstream, downstream and powergen sectors?
Crude Output | 4.63 | mn b/d |
Crude Exports | 3.95 | mn b/d |
O&G Export Rev. | 87.8 | $bn |
O&G % Export Rev. | - | % |
19 Feb, 2021
Featured
Iraq’s high profile oil prepayment contract to supply China’s Zhenhua is being held up amid domestic wrangling. Heightened political tension amid looming elections could yet derail the plans altogether. Key planned upstream gas developments are also going nowhere fast.
26 Feb, 2021
19 Feb, 2021
22 Jan, 2021
8 Jan, 2021
8 Jan, 2021
8 Jan, 2021
8 Jan, 2021
24 Dec, 2020
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.