Interview: Crescent Petroleum's Majid Jafar
Iraq is being hailed as a major new source of oil supply in the coming years but Crescent Petroleum Group’s Majid Jafar tells Lianna Brinded how the Iraqi government’s heavy involvement in energy companies is holding back progression
Iraq is tipped to be a major contributor to global oil supplies, with analysts predicting that the country could produce 7 million-10 million barrels a day (b/d) within the next decade. But, as a raft of international energy companies sign producing field technical service contracts (PFTSC), in order to develop and produce the country's plentiful reserves, many market experts warn that poor infrastructure and political instability have created high uncertainty for future oil supply.
However
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