Iraqi's ambitious production aims supported by progress in oil fields

05/02/2011
Stan HarbisonBen MontalbanoLucian PugliaresiEnergy Policy Research Foundation Inc.Washington, DCIraq's 2009 announcement that it planned to increase its oil production by 10 million b/d attracted global attention but received broad dismissal by oil observers. Iraq had not established a firm national political authority in the wake of the overthrow of Saddam Hussein and the long and violent period of US military occupation. Security problems appeared to make progress difficult. Iraq had proposed grand oil production plans at least five times in the past 30 years but never delivered visible results.It was only in mid-2010 that the International Energy Agency included a longer-term forecast ...
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