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Downgrade to Iraq's oil production forecast

Downgrade to Iraq's oil production forecast

Report summary

Iraq's oil field developments continue to face a host of challenges which have resulted in our downgrading our 2020 oil production forecast by around 1 million barrels per day (b/d).  We now expect output to reach 5.2 million b/d in 2020, versus the government’s 2010 forecast of 11.7 million b/d.   We expect output to build slowly to the end of the decade, constrained by Infrastructure bottlenecks, slower development of the southern fields and the difficult operating environment.

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  • Downgrade to Iraq's oil production forecast PDF - 394.37 KB 3 Pages, 0 Tables, 1 Figures


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  • Delays in the south
  • Uncertainty is greatest in Kurdistan
  • A more pragmatic stance?

In this report there is 1 table or chart, including:

  • Delays in the south
  • Uncertainty is greatest in Kurdistan
    • Iraq oil production forecast to 2020
  • A more pragmatic stance?
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