Wednesday, February 16, 2011 GET REAL
Report: Iraq may double oil output, won't match Saudi production
But the report dismissed assertions by the Iraqi government that the
nation's oil capacity could reach 12 million barrels per day, which rivals
that of neighboring Saudi Arabia.
The Baghdad government cited projects with
Shell and other foreign energy contractors.
"This would mean annual growth rates of 10-15 percent would have to be
sustained for at least 10 years — a feat unseen in recent history," Shell
said in an analysis released on Feb. 14.