- Created: 31-12-16
Description: Iraq definitely has the potential to boost its oil production. However, there are some roadblocks:1. Infrastructure and safety - for S-Iraq. Kurdistan is rather safe.2. The contracts for the large souther oil fields are unattractive. These are so-called Technical Service Contracts. Hence, there is no major effort by the large operators.3. OPEC quota (must be raised for Iraq).Kurdistan (N-Iraq) also has high potential. However, it looks like that the Central Iraqi Government does not like to support high production from the Kurdish region.
Publish Date: 31-12-16