Tag Archives: Iraq

Iraq was close to implementing its share of the agreed production cuts and would be in full compliance by the end of the month

.It is expected to the agreement to be completed during the next two months

30-thousand-barrel rise in daily production of South Azadegan oilfield by the end of the current Iranian calendar year

Norway will help Iran build a 70-million-dollar wind power plant project with the capacity of generating 50 megawatt electricity

.Over IRR6.000b has been invested in construction of the pipelin

An implementation rate of 75% would be higher than the level OPEC typically achieved in the past.

Iraq has struggled for years with major shortfalls in power production and electricity distribution.

Iran agreed in November to cap its oil output at an average of 3.797 million barrels for the first half of 2017.

The market is waiting to see how the Opec cuts and US supply situation plays out.

The new US president has also sent messages offering to increase the level of assistance to Iraq.