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Wednesday, February 16, 2011     GET REAL

Report: Iraq may double oil output, won't match Saudi production

LONDON — A report by Royal Dutch Shell projected that Iraq's oil output would double over the next decade.


The report said Iraq could produce up to six million barrels per day given the completion of energy projects throughout the troubled Arab state, Middle East Newsline reported.

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.

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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.

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