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Iraq sticks to ambitious oil production targets, says current output can be doubled by 2015

Associated Press
Published | Updated

BAGHDAD – Iraq's top energy official is predicting that the country's current oil production of 3.4 million barrels per day will double by 2015.

Deputy Prime Minister Hussein al-Shahristani on Wednesday also said Iraq's long term target is to produce up to 10 million barrels of oil daily by 2020.

Al-Shahristani's comments came at a ceremony marking the release of the International Energy Agency's outlook for Iraq's energy sector.

The Paris-based agency's predictions for Iraq, released Tuesday, were far less rosy than al-Shahristani's. It forecast oil production of 6.1 million barrels a day by 2020 and 8.3 million barrels a day by 2035.