Middle East Economic Survey


No 1


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...