Awaiting the Iraqi oil rush | FT Alphaville

Over the current decade, Iraq accounts for around 45% of the anticipated growth in global output. Iraq becomes a key supplier to fast-growing Asian markets, mainly China, and by the 2030s Iraq is the second-largest global oil exporter, overtaking Russia.

That’s the main conclusion of the International Energy Agency’s special report on Iraq published on Tuesday.

The agency expects production to more than double to 6.1 mb/d by 2020 and reach 8.3 mb/d by 2035 in its central scenario (details of which are below). It adds:

* username: rupertbu