Tony Hayward, CEO of British Petroleum (BP), told an audience at the World Economic Forum in Davos that within a decade, Iraqi oil production could quadruple to 10 million barrels a day, from its current 2.5 million barrels – and could rival Saudi Arabia by 2020.
BP is engaged in a partnership with China National Petroleum Company to co-develop the Rumaila oilfield near Basra, one of the biggest in the world. Hayward said that BP planned to boost production from Rumaila from 1 million to 3 million barrels a day.
Source: Times Online (London), January 28, 2010









