Iraqi crude output continues to grow, but at a slower pace from 2017

April 6, 2016

Rystad Energy analysis shows that Iraqi crude oil production for 2015 was approximately 3.9 million per barrel, up by 12% from 2014. The 2016 production level is expected to exhibit similar growth as in 2015. 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.

###

Read more about UCube

Article Contacts

Espen Erlingsen, VP Analysis
Phone: +47 24 00 42 00
espen.erlingsen@rystadenergy.com

Julia Weiss, VP Marketing
Phone: +47 48 29 87 61
julia.weiss@rystadenergy.com

About Rystad Energy

Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products.

Rystad Energy’s headquarters are located in Oslo, Norway, with additional research teams in India. Further presence has been established in Norway (Stavanger), the UK (London), USA (New York & Houston), Russia (Moscow), Brazil (Rio de Janeiro), Africa as well as South East Asia.