IRAQ

 

Iraq Achieves 2013 Oil Output Target But Exports Still Constrained

 

Iraq ended 2013 with oil production capacity at a record of 3.4mn b/d. But maintaining this level, never mind planned increases, will prove a major test to the country’s export capacity.

 

Iraq expects to add 260,000 b/d of crude production in the first quarter of this year. This will prove a test to recent export capacity additions and infrastructure enhancements at and near Iraq’s...