Tag Archives: Middle East Monitor

Iraq has witness weeks of popular protests calling for an end to corruption and improved living conditions.

Iraq has been importing electricity from Iran for many years after their power infrastructure was destroyed by decades of war and blockade.

Haftar had claimed that oil money was being used to support terrorists.

Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.

OPEC agreed with Russia and other oil-producing allies this month to raise output from July by about 1 million bpd.

OPEC members and independent producers will meet in the Austrian capital. Vienna. on 22 June to discuss a future production policy.

Iraq'.s plan is to increase export capacity to 6.5 million bpd by 2022.

The value of non-oil exports during the period from 21 March to 21 May. has reached $7 billion. which means a rise of 25 per cent.

The Iraqi oil exports reached in last February about 95.940.000 barrels.

Earlier this month. the Iraqi government approved a plan to increase crude oil production to 6.5 million barrels per day.