Oil Price Up Drilling

“One of the most significant countries in terms of future oil growth may not be able to achieve its long-term production goals, raising red flags about global oil supplies in the years ahead. For years, Iraq has been central to the IEA’s rosy scenarios for long-term sources of new oil supply. A few years ago, the IEA predicted that Iraq would more than double its output to 6.1 million barrels per day (mb/d) by 2020, and 8.3 mb/d by 2035 – nearly triple what Iraq was producing at the time the IEA published its report.”

Source: oilprice.com