By Waleed Kamhieh, Accenture oil and gas consultant.
This is an extract from an article originally published by Nina Iraq, and is reproduced here with permission.
In June 2015, Iraq produced an average of 3.19 mm bbpd (million barrels per day), the highest level of production since 1980, and it has surpassed the 2.8 mm bbpd peak just before the war in 2002.
This truly remarkable accomplishment is a testament to the determination and resolve of the OPEC founding nation, investing in a better future for itself.
As a strategy consultant with Accenture’s oil & gas practice in London, and a member of the Society of Petroleum Engineers, I have worked on case studies and investment projects in the Middle East, Africa, Latin America and South East Asia. I follow the latest developments in the oil industry in several countries with great interest, including Iraq.