Get breaking news alerts via email

Click here to manage your alerts
IEA optimistic about future of Iraq oil industry
First Published Oct 09 2012 01:28 pm • Last Updated Oct 09 2012 01:28 pm

The International Energy Agency’s chief economist is optimistic about the future of Iraq’s oil industry — a key factor in global supplies.

Fatih Birol says the agency’s projections put Iraq’s average annual revenues from energy exports at $200 billion by 2035, up from $100 billion. At that point, Iraq’s economy would be as large as that of Saudi Arabia.

Join the Discussion
Post a Comment

Birol told The Associated Press that disputes between Iraq’s central and regional governments on oil contracts pose a risk to the economy. He says the country also needs to ensure plentiful water supplies for oil extraction and to build larger export facilities.

The IEA says Iraq’s oil production could more than double to 6.1 million barrels a day by 2020.

The Paris-based IEA’s report on Iraq’s energy sector is being released Tuesday.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.