Iraq Could Become the Second Largest Oil Producer in the World by 2035
The
International Energy Agency (IEA) has completed a major new study which
has deducted that within two decades Iraq could overtake Russia to
become the world’s second largest oil exporter, and could also be
responsible for nearly half of all anticipated growth in global oil
production.The report explained that in order to achieve this position
Iraq must solve its internal disputes with the autonomous Kurdish region
in the North, and increase its current annual investment in the oil
sector from $9 billion to 25 billion until at least 2020.Fatih…Read more...
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