Iraq’s oil production is on track to more than double to 6.1M bbl/day by 2020, a shift that...

|By:, SA News Editor

Iraq’s oil production is on track to more than double to 6.1M bbl/day by 2020, a shift that could alter the dynamics of global crude markets because it would supply almost half the growth in world oil output and make Iraq a key driver of future crude prices, the IEA reports. But the country will need substantial investment in oil storage, transportation, electricity and other infrastructure.