Tag Archives | IEA

Oil Output to hit 5.4m bpd in 2022

By John Lee. According to a report from Bloomberg, the International Energy Agency (IEA) has predicted that Iraq will retain its position as OPEC’s second-biggest oil producer, adding 700,000 barrels per day (bpd) to reach 5.4 million bpd by 2022. Most of the increase will come from southern oilfields, such as the Shell‘s Majnoon project. […]

Gas Condensate Exports – a New Beginning for Hydrocarbon Industry?

By Rami Khrais for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Do gas condensate exports represent new beginning for Iraq’s hydrocarbon industry? Iraq exported its first shipment of gas condensate on March 20, from the port at Khor al-Zubair to Fujairah in […]

The New Oil Production Targets

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The New Oil Production Targets, New Terms and Implications Most petroleum professionals, including myself, had expressed their serious doubt about the suitability, attainability and sustainability of oil production plateau targets for many […]

Iraq Aims to Beat IEA Oil Forecast

By John Lee. Iraq has said its oil output could reach up to 10 million barrels per day by 2020, higher than the recent prediction from the International Energy Agency (IEA). Speaking at a ceremony for the publication of the IEA report, Iraq’s Deputy Prime Minister for energy, Hussain al-Shahristani (pictured), predicted that the country’s […]

Iraqi Oil to be Game-Changer for World Markets

Iraq’s energy sector holds the key to the country’s future prosperity and can make a major contribution to the stability and security of global energy markets, the International Energy Agency (IEA) says in a special report of the World Energy Outlook released today – the first time that the IEA has conducted a comprehensive review […]

IEA Prepares in-depth Outlook for Iraqi Energy Sector

In preparation for the World Energy Outlook (WEO) 2012 special report on the Iraq energy outlook, the International Energy Agency (IEA) held an informal one-day workshop in Istanbul, Turkey on 4 May 2012. The workshop was chaired by Dr. Fatih Birol, IEA Chief Economist, and had some 85 attendees, including His Excellency Thamir Ghadhban, Chairman […]