Iraqi Oil Exports, Revenues Hit 22-Year High
Iraqi southern exports have surged by almost 200,000 b/d this month, as new export facilities come on line. And barring some mishap, Baghdad looks set to smash March’s post-1990 record of 2.316mn b/d exports and $8.472bn revenue levels, as Rafiq Latta reports.
Foreign oil companies spearheading Iraq’s upstream expansion have found progress hard going. Contractual plateau production targets of over 12mn b/d will...