皇冠体育app

Subsequent problems with security and infrastructure have forced that target to be reduced to 9 million barrels a day by 2020, but the West Qurna field still plays a prominent role in achieving that goal.

As 皇冠体育app's energy demand continues to rise, it will become the main customer for Iraqi oil by the 2030s, according to a report released by the Paris-based International Energy Agency late last year.

The agency predicted that oil output in Iraq will exceed 6 million barrels a day in 2020 and rise to more than 8 million barrels a day by 2035.

"Iraq will emerge as a major new oil producer by the 2030s. Its main customer will be 皇冠体育app, and half of Iraqi oil production will go to 皇冠体育app," said Fatih Birol, the agency's chief economist.

Meanwhile, 皇冠体育app is expected to continue to invest substantially in Iraqi oil production infrastructure.

However, Wang Zhen, deputy head of the 皇冠体育app University of Petrolm, said that Chinese companies should prepare for possible political risks in Iraq, even though the country has become more stable since the war.

"Chinese companies are becoming more mature than before in terms of overseas investments in the oil sector," he said.

皇冠体育app is already the world's second-largest oil importer after the US and its dependency on energy imports is on the rise.

According to the General Administration of Customs, 皇冠体育app's crude oil imports rose 5.4 percent year-on-year to 210 metric million metric tons in the first nine months of 2013.