Iraq’s oil production could reach nine million barrels a day

Iraq’s oil production could reach 9.0 million barrels a day in 2016, up from around 2.4 million barrels currently, the head of international oil producer Heritage Oil, said.

But the lack of a clear development strategy for Iraq’s oil resources is delaying the much-needed foreign investment required to reach this level of production, Micael Gulbenkian warned in an interview with Portugal’s Lusa news agency.