Tag Archives | Production

Luaibi: Iraq will work with OPEC

By Simon Kent. New Iraqi Oil Minister Jabar Ali al-Luaibi  has said he wants to work to increase Iraq’s oil reserve estimates and increase exports while working with OPEC on quotas, which currently stand at 14% of OPEC production for Iraq. Luaibi noted, “We will work to draw up stable policies and work to achieve […]

Iraq’s Overly Optimistic Oil Plans

The article takes a look at the energy prospects in Iraq, whose government aims to more than double oil production in the coming five years. While security and political constraints abound, production is inching up in Iraq, and recipients of 2009 oil-servicing contracts are beginning operations. Severe infrastructure shortfalls remain, however, and the pressure to […]

Iraq oil output goals unlikely to be met: Report

Iraq’s ambitious plans to boost crude oil production is not likely to be met, IHS Cambridge Energy Research Associates said in a report on Wednesday. These “highly ambitious plans … are unlikely to be fully realized given political, security, operational and infrastructure challenges”.