/world business
(CNN) -- In focus: Kirkuk Oil
James Wolfensohn, Former President of World Bank on the role the Middle East can play in the global economy and an expanded G8.
The International Energy Agency announced this week in its World Energy Outlook that by 2030 oil prices will reach $200 per barrel. As oil reserves dwindle and demand recovers from the global slowdown, the power will shift to OPEC.
But how much oil is there in reserve? The City of Kirkuk in Northern Iraq sits on a dome of oil, estimated to be one sixth of the world's reserves -- but it's not really flowing. Current production is at 580,000 barrels -- about a third of its potential. MME takes a look at Kirkuk's black gold.
Facetime with James Wolfensohn, Former President of World Bank
As global leaders descend on Washington to discuss the financial crisis, MME talks to one of the key figures in the past decade in global economic affairs, James Wolfensohn.
Mr Wolfensohn was the 9th President of the World Bank and joins us this week to tell us his thoughts about the G20 meeting in Washington and the role that the Middle East can play in the global economy and an expanded G8.
Watch the show this week at the times (GMT) below:
Friday: 0915, 1945
Saturday: 0645
Sunday: 0815
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