Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

IRAQ

Future Global Need For The Increase In Iraq’s Oil Production

By Ali Hussain

Dr Hussain is an oil consultant and former OPEC officer (e-mail: alihussain27@gmail.com).

Recently and as shown in the table below, Iraq has signed a number of contracts with major oil companies with a view to increasing its oil production from 2.5mn b/d to around 12mn b/d in 2017.

Iraqi Upstream Awards

Area

Winning

Consortium

...