Iraq targets 7 million barrels per day for oil exports
EnergyComments
This looks like the 2018 expansion attempt. In that case, the production goals were met on paper, but the actual export capacity was throttled by a lack of specialized storage tankers.
I wonder about the actual pipeline capacity... especially if the southern terminals are still under repair... how do they plan to move that much volume without a total overhaul?
If we consider a hypothetical scenario where the northern pipelines are prioritized, the southern terminal damage might not be as significant a bottleneck as Marie suggests.
the memorandum of understanding regarding the strait of hormuz is the real driver here.
With the Strait of Hormuz reopening, do you think this creates a safer environment for Iraq to attract the long-term foreign investment they need?
The OP is correct to be cautious. The primary technical hurdle will be secondary recovery, specifically maintaining reservoir pressure through water injection to prevent premature field decline.
Does the government's plan include a detailed CAPEX schedule for that injection infrastructure, or are we just trusting the target number?
The silver lining is that these aggressive targets usually force a necessary upgrade to the internal power grid, which helps the domestic sector even if the 7 million mark remains a fantasy.