Iraqi crude output continues to grow, but at a slower pace from 2017: Rystad
OSLO, Norway -- Iraqi crude oil production for 2015 was approximately 3.9 MMbpd, up 12% from 2014, according to analysis from Rystad Energy.
Image: Rystad Energy UCube.
The country’s 2016 production level is expected to exhibit similar growth as in 2015.
However, from 2017, the growth rate will slow down to an average year-on-year increase of 4%, predominantly as the first phase of the redevelopment of mature oil fields has now been completed.
