02112016Thu
Last update: Thu, 11 Feb 2016 10pm
Home» Markets - Energy » Middle East & Africa

IEA says Iraq oil output could more than double by 2020

oil-barrels 400LONDON: Iraq could more than double its current daily oil production by 2020, vastly boosting its economy and helping to bring stability to global energy markets, the International Energy Agency forecast on Tuesday.

 

The country's crude oil output could grow to 6.1 million barrels per day (mbpd) in eight years' time from about 3.0 mbpd currently, the IEA said as it unveiled its Iraq Energy Outlook report in London.

Copyright AFP (Agence France-Presse), 2012