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.
Table of contents
Delays in the south
Uncertainty is greatest in Kurdistan
A more pragmatic stance?
Tables and charts
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