Despite nationwide investment, Exxon has Iraq output doubts

ExxonMobil maintains its no comment policy in the post-KRG deal era, though global supply forecast shows caution on Iraq.
Despite nationwide investment, Exxon has Iraq output doubts
An employee works at the Tawke oil field, which is administered by the semi-autonomous Kurdistan region. (MUHANNAD FALA'AH/Getty Images)

If Iraq achieves its stated production capacity targets of 13.5 million barrels per day in seven years, it will become the largest oil producer ever.ExxonMobil isn't counting on it, according to its energy forecast through 2040, which was made public Thursday."It's kind of interesting that if you look from today until 2040, the three top producers of oil will remain the same, and that's Saudi Arabia, Russia and the United States," said William Colton, Exxon's vice president for corporate...

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