Operational risk to reduce Iraqi oil supply and exports
Iraq, one of the world’s largest locations with proven oil reserves, will not be able to hit governmental production targets due to the level of operational risk, say experts
Iraqi oil production will either fall short or stagnate from recent production highs, as physical infrastructure – including development, export facilities and skilled personnel – is still not at the level needed to produce the 12.5 million barrels per day (b/d) the Iraqi government forecasted for 2017, say analysts.
"It is hard to find anyone that believes that Iraq will produce 12.5 million b/d by 2017, which the Iraqi government has officially predicted," says Samuel Ciszuk, senior Middle
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