Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East is primarily driven by supply additions from Iraq with 1.5 million bpd growth, and an additional 1.2 million bpd mainly coming from the Neutral Zone, the UAE and Iran in the medium term. Output from conventional fields outside the Middle East peaked in 2010 and is expected to continue falling with current estimates putting 2025 output at 45.6, a 2.3 million barrel decline from current levels. (Click to enlarge) Iraq Rystad Energy forecasts the country’s oil production could grow to 6.15 million bpd in 2025. The current ramp up from producing assets is expected to add about 625,000 bpd on the country’s output of about 4.65 million bpd. The growth will primarily be driven by the giant southern fields, […]