How The Assassination Of Soleimani Could Crush Iraq’s Oil Ambitions

Over and above its OPEC+ deal quota – with which it has only ever been marginally acquainted, at best – Iraq’s ambition to dramatically increase its oil production is now at a crucial point. Until only very recently, Iraq was rolling along, merrily breaking its previous and current OPEC+ production quota in producing oil in the 4.5-4.7 million barrels per day (bpd) range as and when it could. Its oil production targets of 6.2 million bpd by the end of 2020 and 9 million bpd by the end of 2023 looked relatively realistic in size,…