IEA predicts boom for Iraq’s oil industry - FT.com

Iraq’s oil output is to more than double by the end of the decade and by the 2030s it will be the world’s second-largest oil exporter after Saudi Arabia, according to an in-depth study by the International Energy Agency.
Fatih Birol, the IEA’s chief economist, told the Financial Times ahead of the launch of the report on Tuesday that Iraq’s oil production would be “crucial for the health of the global economy”. He said Iraq would account for 45 per cent of the anticipated growth in global oil supply over the current decade.

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