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Iraq sticks with lofty oil plan -- for now
Baghdad (UPI) May 20, 2011
Iraq's energy chiefs are sticking to their ambitious plans to increase oil production five-fold to 12 million barrels per day by 2017 despite warnings by oil companies and industry pundits that a woeful lack of infrastructure makes it all a pipedream. However, according to the Financial Times and oil industry sources, senior Iraqi officials are now talking about lower target figures.
Iraq's energy chiefs are sticking to their ambitious plans to increase oil production five-fold to 12 million barrels per day by 2017 despite warnings by oil companies and industry pundits that a woeful lack of infrastructure makes it all a pipedream. However, according to the Financial Times and oil industry sources, senior Iraqi officials are now talking about lower target figures.
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