Baghdad Shrugs Off Political Turmoil To Proclaim Imminent Output Surge

Test flows on vital new offshore export facilities will begin on 25 January, vowed Iraqi Minister of Oil Abd al-Karim Laibi in a 17 January press conference. The lack of sufficient export capacity has been a major bottleneck holding back Iraqi production, and the start-up of the first of three 850,000 b/d single point mooring buoys planned for commissioning should be a shot in the arm for Iraq’s ambitious oil...