New hydrocarbons regime seen key to Iraq's major production growth

10/29/2012
Iraq must build a new hydrocarbons regime to attract the necessary financing if it expects to solve its infrastructure problems and become the world's No. 2 exporter, an official of the country's government and the International Energy Agency's chief economist both said. "We have an ambitious plan to double production by the end of this decade," Jabir Habeb, Iraq's ambassador to the US, said at an Oct. 22 seminar at the Center for Strategic and International Studies on IEA's Iraq Energy Outlook, which was released earlier in October. "It may be more ambitious than the IEA's projections, but it's apparent there's no alternative." That report's central scenario projected...
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