Iraq oil capacity 'to reach 12m barrels per day'

[Adsos Letter]

Source: BBC

Iraq's oil capacity could reach 12 million barrels per day (bpd) in six years, the country's oil minister says.

Hussein al-Shahristani told reporters in Baghdad that oil producers would not necessarily operate at full capacity, but would take into account demand.

Saudi Arabia, the world's largest oil exporter, has a capacity of 12.5m bpd.

Earlier, a joint bid by Russian and Norwegian oil firms won the contract for the "supergiant" West Qurna field, said to have reserves of 13bn barrels.

Link: http://news.bbc.co.uk/2/hi/business/8409473.stm

[FBaggins]

1. That would be beyond remarkable

I rather doubt that it's possible... perhaps not even in twice that amount of time.

There is, however, little doubt that massive amounts of crude are under Iraq and they could substantially impact a global energy shortage over the next decade or two... but that depends on political stability.