Desperate to pump more crude, Iraq risks permanent damage to its oilfields (FT)

FT reports that Iraq's oil fields are at risk of permanent damage due to over production. Some traders have indicated that Basra light has become more dense and sulphuric due to damage to fields stemming from over-production and lack of reserve management. Heavier crude will lead to reduced value of Iraqi crude as it becomes more difficult and expensive to refine. What is needed is investment but security situation is still keeping oil & gas players away.