'Expert' Challenges Iraq's Oil Targets

The Iraqi Oil Ministry is "optimistic" if it expects that Iraq is going to produce 12 million barrels per day in 2016, an Iraqi expert said on Monday.

“It is a sort of optimism to think that Iraq could reach an oil production level of 12m barrels a day in six years,” Nazar Ahmed told Aswat al-Iraq news agency.

He explained that a boost of this kind in Iraq’s oil production also requires a global increase in the demand for oil.

“Iraq’s oil production may reach four million barrels a day in 2014,” Ahmed added."

IBN has been unable to establish Mr Ahmed's credentials as an 'expert'.

(Source: Aswat al-Iraq)

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