Iraq’s Rumaila Oil Field Could Double Iraq Oil Production and a Big Oil Find in the Gulf of Mexico
Business Week reports on the BP (British Petroleum) project to modernize the Rumaila oil field to nearly double its production and restore Iraq’s power in OPEC. A lot of the underproduction of “easy oil reserves” is in Iraq and Nigeria. Brazil, Russia, China, United States, Kazakhstan and Canada have key oil megaprojects that are non-OPEC …