Middle East Economic Survey

VOL. LII

No 45

9-Nov-2009

Baghdad Clinches Triple-Barreled 4.8Mn B/D Capacity Push

In just four days in early November Baghdad signed three upstream deals that, if realized, will boost production capacity by around 4.8mn b/d equivalent to a major oil producing region such as the North Sea. The awards have smashed a series of industry records, from capacity boost they should see West Qurna Phase 1 and Rumaila become respectively the second and third most prolific oil...