NY Times – Iraq produces around three million barrels a day, and few analysts believe it can reach its goal of 10 million barrels a day by 2017, a target Baghdad recently reduced from a previous estimate of 12 million barrels a day by that year. But Hans Nijkamp, Royal Dutch Shell’s Iraq country chairman, estimates that Iraq could produce 6 million to 10 million barrels a day by early next decade, “which is really substantial.”
Exxon Mobil has by far the largest stake of any American company in Iraq, but most of the major players are European and Asian, like Lukoil and Gazprom from Russia, and Chinese companies like China National Petroleum and China National Offshore Oil Corporation.
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.
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