(EnergyAsia, March 19 2010, Friday) — Iraq’s plan to increase crude oil production could put a ceiling on world prices this decade, according to some analysts. Foreign oil companies awarded licences to develop Iraq’s vast oil fields have bandied production targets amounting to 10 million barrels per day (b/d). An adviser to Iraq’s…
IRAQ: Increased production may help cap global oil prices, say analysts
Posted on March 18, 2010 by EnergyAsia