Iraq IEA-Iraq Energy Report

October 9, 2012 - 7:33 AM
FILE - In this Dec. 13, 2009 file photo, Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq. The International Energy Agency predicted Tuesday Oct. 9, 2012 that Iraq will consolidate its position as a global oil power _ allowing it to rebuild the economy of a nation ravaged by war and decades of Saddam Hussein’s autocratic rule. The leading global energy monitor reported that Iraq’s annual revenues from energy exports could double to an average of $200 billion annually over the next 20 years. That optimistic scenario would make Iraq’s economy the same size as that of Saudi Arabia now by 2035. (AP Photo/Nabil al-Jurani, File)