A new report on Iraq’s oil production capability says a series of problems, including export bottlenecks caused by a lack of infrastructure, will continue to limit the country’s oil output for years to come. The report, penned by the London-based consulting firm IHS Markit, found that while Iraq could theoretically produce about 7 million barrels per day (bpd), in practice, the connections between the supergiant oil field production points and storage farms and export points in the country’s south have led to bottlenecks that hamper growth. Speaking to Arab News, IHS Markit analyst Christopher Elsner said that Iraq would be lucky to reach 5 million bpd, up from the current 4.5 million bpd, by 2028, and 6 million bpd by 2036. According to the analyst, other limitations […]