WASHINGTON (AFX-ASIA) – Oil industry forecasts that Iraq could raise its crude capacity by 1 million barrels per day within a year are unrealistic given the dilapidated state of its infrastructure and the political complexities of any post-war restructuring, analysts said. Assumptions that Iraqi oil production capacity will surge after a US invasion are based…
MARKETS: Forecast of 1 million b/d Iraq oil capacity hike within 1 year unrealistic
Posted on November 28, 2002 by EnergyAsia