IOCs and ministries air concerns in long haul to 12.5 M bpd

Increasing any country’s production capacity from 2.5 million barrels per day (bpd) to 12.5 million bpd is a monumental task – and international oil companies are concerned that Iraq’s bureaucracy isn’t up to the challenge.At a two-day symposium on Iraq’s oil expansion, BP and Shell presented papers on behalf of 16 oil companies that recently signed 11 massive development contracts, outlining current and future roadblocks put in their way by Iraq's government. Iraq’s top oil cont...