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Iraq outperforms Saudi Arabia and Iran in increasing oil production
SECTION: ECONOMICJULY 23, 2017
BAGHDAD (Reuters) - Iraq could outperform Saudi Arabia and Iran in the increase in oil production in June, according to press reports.
Iraq's oil production amounted to 4 million and 502 thousand barrels per day during June, which means an increase of 1.37%, according to data from the Iraqi Oil Marketing Company (SOMO), to overtake Iraq to Saudi Arabia, which recorded an increase in production by 0.53% Recorded an increase of 0.42% during June.
The Iraqi economy depends 95% on the production and sale of oil, while Iraq plans to raise its production to 5 million barrels per day
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SECTION: ECONOMICJULY 23, 2017
BAGHDAD (Reuters) - Iraq could outperform Saudi Arabia and Iran in the increase in oil production in June, according to press reports.
Iraq's oil production amounted to 4 million and 502 thousand barrels per day during June, which means an increase of 1.37%, according to data from the Iraqi Oil Marketing Company (SOMO), to overtake Iraq to Saudi Arabia, which recorded an increase in production by 0.53% Recorded an increase of 0.42% during June.
The Iraqi economy depends 95% on the production and sale of oil, while Iraq plans to raise its production to 5 million barrels per day
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