Iraq’s oil production could grow from 2.45 million barrels per day (bpd) today to more than 12 million bpd within eight years after this past weekend, when the oil ministry awarded development rights of seven fields to a dozen oil companies.
An Iraqi worker turning a valve at the Shirawa oilfield outside Kirkuk. Kirkuk was not awarded for development but could more than double output. (KARIM SAHIM/AFP/Getty Images)
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