World News Insights
1-3 Minute Gist

All Topics Article

For Oil, Libya Burns, but Iraq Smolders

Wall Street Journal Original article ›

Keywords:

LyrArc Article Gist
The increased oil supply in the Middle East will come largely from Saudi Arabia and Iraq by 2015. By 2020 the increased oil supply from Iraq will surpass increased Saudi production, when compared with 2009, according to the International Energy Agency. Iraqi production is currrently 2.7 million barrels a day. This jumps significantly in coming years. JBC Energy expects Iraqi oil output to increase to about 8 million barrels a day by 2020. This is a result of modernization and participation of foreign oil companies in the Iraqi oil industry. Comparitively Libyan output shows only a small increase.

Iraq oil and gas output 2010-2014

01/08/2011

Grouped Articles

Surge in Iraqi Violence Reunites Maliki and Obama

New York Times 11/01/2013

Exxon Mobil Signs Iraq Deal With PetroChina, Pertamina

Wall Street Journal 11/28/2013

Fall in Oil Prices Poses a Problem for Russia, Iraq and Others

New York Times 10/15/2014

Iraq and Kurds Reach Deal on Oil Exports and Budget Payments

New York Times 11/13/2014

Iraq Agrees on Kurdistan Oil Deal

Wall Street Journal 12/02/2014

How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State

Wall Street Journal 03/11/2015

The Iraqi oil industry modernization after the American withdrawal in 2009.

07/01/2009

BP led consortium accepts a $2.00 per barrel deal for increasing production at the Rumailla oil field in return for technical services. The potential to increase production from 2.4 million b/d to 4.00 million b/d the Iraqi oil ministry's goal.

Grouped Articles

Surge in Iraqi Violence Reunites Maliki and Obama

New York Times 11/01/2013

Fledgling Iraqi Military Is Outmatched on Battlefield

Wall Street Journal 04/28/2014

Oil Industry in Iraq Faces Setback to Revival

New York Times 06/13/2014

Iraq Agrees on Kurdistan Oil Deal

Wall Street Journal 12/02/2014

How Falling Oil Prices Are Hindering Iraq’s Ability to Fight Islamic State

Wall Street Journal 03/11/2015

Iraq Warns Oil Companies of Spending Cuts

Wall Street Journal 09/15/2015


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us