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Newspaper Article
Iraq could have twice as much oil as estimated
2007
Overview
The study from IHS, a consultancy, also estimates that Iraq's production could be increased from its current rate of less than 2m barrels a day to 4m b/d in about five years, if international investment begins to flow. The IHS study is based on data collected in Iraq both before and after the invasion, showing the oilfields' reserves and production history. Its estimate of a further 100bn barrels of oil in the western desert is based on analysis of geological surveys. At least 166 people were killed yesterday in five co-ordinated car bomb attacks in Shia districts of Baghdad, the deadliest attacks the city has seen since US and Iraqi forces launched a security crackdown in February. The attacks came hours after Nouri al- Maliki, prime minister, said Iraqi forces would be in a position to take primary responsibility for security in all of Iraq's 18 provinces by the end of the year.
Publisher
The Financial Times Limited
Subject
