Iraq Oil & Gas Q3 2019
Increasing production above 5mn b/d and beyond will be the focus of the oil sector in 2019, however, OPEC voluntaryproduction cuts will limit any growth as Iraq will act to stay within the limits on production. The Oil Ministry relinquished its roleoperating the four regional oil companies and instead hand this over to the re-established Iraq National Oil Company. Instead, theMinistry will concentrate on downstream operations, strategic planning and creating condition for increased investment in thesector. However, the Supreme Court ruled that parts of Iraq National Oil Company Law are unconstitutional casting ambiguity tostatus of the re-established company. New associated gas processing facilities and imports from Iran will boost gas supply and use inthe power sector, supporting fuel and oil exports.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook