Tag Archives: Iraq

The field holds 2.5 billion barrels of crude oil in place. some 400 million barrels of which are recoverable.

OPEC'.s second largest producer. after Saudi Arabia. Iraq seeks to boost its production capacity to 5 million barrels per day by the end of the year.

Iraq is the second-largest member of OPEC after Saudi Arabia.

Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.

Iran is the largest electricity producer in the Middle East with an installed power generating capacity of around 76.000 MW.

Iran has inked two separate contracts to export the product to Iraqi cities of Basra and Baghdad.

Iraq has undertaken the second largest cut in oil output after Saudi Arabia among the participants of the OPEC deal signed last year in Vienna.

Iraq enjoys an excellent geographic location that overlooks each of Iran. Turkey and the Arab world from the other side.

Iraq is OPEC”s second largest oil producer after Saudi Arabia. recording a daily production of 477.5 million barrels per day in 2016.

Iraqi Kurdistan is made up of three provinces that are run by an autonomous regional government and protected by their own security services.