Downgrade to Iraq's oil production forecast

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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

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Table of contents

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

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  • Iraq oil production forecast to 2020

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