Middle East Economic Survey


No 47



Cabinet Absentees Force Delay To Giant Oil Deals Debate

Iraqs cabinet failed to meet last week as planned to give approval to upstream deals with ExxonMobil for its West Qurna-1 project and Eni for its Zubair field development project. The deals, which involve boosting capacity at West Qurna from around 260,000 b/d to 2.325mn b/d and at Zubair from 195,000 b/d to 1.125mn b/d could, if realized, add around 3mn b/d to Iraqi capacity, but too...