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 | 4.52 | mn b/d |
| Crude Exports | 3.82 | mn b/d |
| O&G Export Rev. | 83.7 | $bn |
| O&G % Export Rev. | 84 | % |
| Oil Rig Count | 59 |
13 Sep, 2019
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New Saudi energy minister Prince Abdulaziz says his USP is decades of involvement in Opec diplomacy. His first outing as minister saw Iraq named and shamed for quota-busting with the prince and his UAE and Russian counterparts inviting themselves to Baghdad to check up on progress.
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