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[size=36]"SOMO": Iraq does not see a need to increase its production capabilities above the plan for OPEC countries[/size]
Economie| 05:11 - 10/30/2021
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Baghdad - Mawazine News
The Iraqi Oil Marketing Company "SOMO" said that Iraq does not see the necessity of any decision related to increasing its production capacities above the plan for the OPEC countries.
"Sumo" added in a statement, that in light of the increased demand for energy, Iraq sees the agreement of the "OPEC +" group to increase production by 400,000 barrels per day per month, sufficient to absorb demand and achieve market stability.
And the company continued: "On the other hand, Iraq is striving hard to increase gas production through an increase in investment in gas fields." Ended 29 / h
The Iraqi Oil Marketing Company "SOMO" said that Iraq does not see the necessity of any decision related to increasing its production capacities above the plan for the OPEC countries.
"Sumo" added in a statement, that in light of the increased demand for energy, Iraq sees the agreement of the "OPEC +" group to increase production by 400,000 barrels per day per month, sufficient to absorb demand and achieve market stability.
And the company continued: "On the other hand, Iraq is striving hard to increase gas production through an increase in investment in gas fields." Ended 29 / h
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