Operational risk to reduce Iraqi oil supply and exports

Iraqi oil production will either fall short or stagnate from recent production highs, as physical infrastructure – including development, export facilities and skilled personnel – is still not at the level needed to produce the 12.5 million barrels per day (b/d) the Iraqi government forecasted for 2017, say analysts.

"It is hard to find anyone that believes that Iraq will produce 12.5 million b/d by 2017, which the Iraqi government has officially predicted," says Samuel Ciszuk, senior Middle Eas