Iraq to Expand Production to 12 mn barrels of oil per day by 2017

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Hira Shahnawaz Akhtar
Published on
Updated on

Iraq currently produces about 3 million barrels of oil per day (bopd) but the Middle Eastern nation has recently become one of the hot topics in the oil arena. The borders contain some of the largest untapped oil and gas reserves in the world, and if the political situation stabilizes, Iraq can overturn the entire arena of global energy. Oil reserves in Iraq Iraq has the sixth largest proven oil reserves at 141 billion barrels according to the U.S. Energy Information Administration (EIA). However, Iraq’s production has never exceeded 4 million bopd and has only recently started improving with Iraq’s…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.