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The UK Times Online reports – Iraqi oil exports in February were at their highest for two decades, at an average of 2.08 million barrels per day, and the country plans to lift that to 2.15 million for the rest of the year.

According to the International Energy Agency, oil output from the country’s ageing infrastructure rose by 115,000 barrels per day to 2.54 million — the biggest single contributor last month to world oil supply growth.

Iraq has the potential to double or even triple its production [over the next few years]. “If [Iraq] enjoys a period of stability, it could have a major destabilising effect on Opec and the oil price.”

Bloomberg reports that Iraq will soon announce an increase in its oil reserves and start exporting oil about 100,000 barrels per day from the Tawke oilfield in Kurdistan.

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Brian Wang

Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.

Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.

A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.