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Page added on March 29, 2013

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Iraqi Oil Production

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Completing my catch-up on oil production for the three most important Middle Eastern producers, here is Iraq.  Iraq had a substantial gain in 2012 – around half a million barrels per day – backslid a little in December, and then has apparently started to regain in February.

I expect further production gains in 2013, and, assuming the country can maintain stability, for Iraq to become a more and more important oil supplier over time.  Stability remains a risk, of course.  However, the country’s oil production is already far more stable than it was under Saddam (due to the latter being under international sanctions, no doubt).

Early Warning



2 Comments on "Iraqi Oil Production"

  1. Plantagenet on Fri, 29th Mar 2013 9:56 pm 

    The world economy would screwed without Iraq’s 3 million bbls of oil per day.

    I mean it would be screwed even worse then it already is……

  2. GregT on Fri, 29th Mar 2013 10:41 pm 

    The faster we pump it, the faster it runs out.

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