Middle East Economic Survey

VOL. LIV

No 5

31-Jan-2011

IRAQ

Iraqi Export Jump Signals Output Surge

Iraqi crude exports from the southern Basra Oil Terminal are sharply up this month registering, to 26 January, a 230,000 b/d jump on last months levels, as fresh production from new foreign operated joint ventures begins to ramp up. There are very serious and justified doubts over whether Iraq can achieve its planned capacity drive to 10mn b/d and beyond at anything like the targeted scale and...