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Bureaucracy hindering Iraq's efforts to reach 2014 oil output target
- Iraq: Wednesday, March 27 - 2013 at 04:37
An adviser to Iraqi prime minister Nouri al-Maliki has said the country won't be able to meet oil production target of pumping 4.5 million barrels of oil a day in 2014, due to government bureaucracy and the lack of an energy law, UPI has reported. oil exports by the second-largest Opec producer, including those from its semi-autonomous Kurdish region, will average 2.9 million barrels a day this year, said Thamir Ghadhban at an energy conference in Dubai. Adnan al-Janabi, chairman of the Iraqi parliament's oil and energy committee said a draft energy law is "stuck" because of political disputes and won't be passed soon. "I don't think we can reach 4.5 million barrels a day next year," said al-Janabi.
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