Middle East Economic Survey


No 14



West Qurna-1 Hits Cost Recovery Production Level

The ExxonMobil-led West Qurna-1 consortium on 28 March announced that it had increased output at the planned 2.825mn b/d development by more than the 10% of initial production needed to enter its cost recovery phase. This makes it the third of the giant southern Iraqi projects to hit its cost recovery target, but any further significant production advances in Basra will need to...