Iraq milestone targets for oil exports Year Exports Total Production 2012 2.6 million bpd 3.2 million bpd 2013 2.9 million bpd 2014 3.5 million bpd 2015 3.75 million bpd 2016 4.5 million bpd (NBF interpolation) 2017 6.0 million bpd
Iraq with the help of foreign firms has ambitious plans to boost production capacity beyond 12 million bpd by 2017, but this target has proved unrealistic due to infrastructure bottlenecks and logistical shortcomings. It is expected to target 8-8.5 million bpd, but some oil analysts and executives see even 6 million bpd by 2017 as a stretch for the war-damaged country.
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