Water Availability Is Major Constraint On Expansion Of Iraq Oil Production

30 Apr 2019 by OOSKAnews Correspondent
PARIS, France

A new assessment from the International Energy Agency (IEA) on Iraq’s energy sector indicates that the country's recent oil boom faces existential challenges that will hamper continued growth if not addressed soon.Having doubled production in the past 10 years, Iraq is set to become the world’s fourth largest producer behind the United States, Saudi Arabia and Russia by 2030. If so, Iraq production would contribute about 6 percent of global oil output in 2030, up from 5 percent now and less than 3 percent 10 years ago according to the IEA assessment, published April 25 in Paris.In barrels, production has risen from 2...

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