Crude oil production capacity from Iraq's Kurdistan region is 300K bbl/day but should reach 1M...

|By:, SA News Editor

Crude oil production capacity from Iraq's Kurdistan region is 300K bbl/day but should reach 1M bbl/day by 2015 and 2M by 2019, the region's oil minister says. Kurdistan has suspended exports via the pipeline running to Turkey due to financial issues with Iraq's central government, betting its natural resource wealth and Western power brokers on its side will give it an advantage.