Middle East Economic Survey

VOL. LIII

No 1

4-Jan-2010

Shahristani Pledges ‘Acceptable’ Expansion After Fawqa Well Standoff

Iraq will not increase its production capacity in any “significant” way in the next three years, and as capacity rises Baghdad will work hard to reach an agreement on its OPEC quota that is “acceptable to all members,” Iraqi Minister of Oil Husain al-Shahristani pledged on 22 December. The minister’s comments followed a...