Iraq: Plans Being Formed To Triple Crude Production

Iraq: Plans Being Formed To Triple Crude Production

January 29, 2014 | 1142 GMT
Iraq plans to triple its capacity to pump crude oil by 2020 and is forming a joint strategy with Iran to challenge Saudi Arabia’s grip on the Organization of Petroleum Exporting Countries, the Telegraph reported Jan. 29, citing Hussain al-Shahristani, Iraq’s deputy prime minister for energy. British Petroleum and Royal Dutch Shell manage two large oil fields in southern Iraq that would be key to achieving Baghdad’s goal.