iea iraq crucial for global energy supplies
Last Updated : GMT 05:57:13
Arab Today, arab today
Arab Today, arab today

IEA : Iraq crucial for global energy supplies

Arab Today, arab today

Arab Today, arab today IEA  : Iraq crucial for global energy supplies

Paris - DW

The International Energy Agency has pinned great hopes on Iraq to become the second most important player in global oil supplies over the next few decades. But it has also warned of serious hindrances still in place. The Paris-based International Energy Agency (IEA) said on Tuesday Iraq looked certain to provide the largest contribution to global oil supply growth in coming decades. In its Iraq Energy Outlook presented in London, the agency added that it expected the country to produce 6.1 million barrels per day by 2020, up from around 3 million bpd right now. The IEA claimed Iraq could even overtake Russia as the world\'s second largest oil producer by 2030. Already, Iraq\'s increasing oil output has been helping to keep a lid on prices as western sanctions target Iranian exports and supply declines from other regions such as the North Sea. No clear sailing \"Our report shows that we\'re all interested in Iraq using its potential to the full and reviving its economy,\" IEA Director Maria van der Hoeven said in a statement. However, the agency\'s projections of future oil production in Iraq reflect only half of what Baghdad itself aims to achieve. Experts have questioned Iraq\'s ability to boost output to 12 billion bpd by 2017 as called for under current contracts, citing a range of obstacles such as infrastructure woes, corruption and red tape. \"We think our own trajectory is plausible when you look at the challenges in front of Iraq,\" said the main author of the energy outlook, IAE Chief Economist Fatih Birol. Oil output in Iraq started to rise again in earnest in 2010 in the wake of important contracts with energy giants BP, Exxon Mobil, Royal Dutch Shell and others.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iea iraq crucial for global energy supplies iea iraq crucial for global energy supplies

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iea iraq crucial for global energy supplies iea iraq crucial for global energy supplies

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday