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Oil Output to hit 5.4m bpd in 2022
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March 8, 2017 in [You must be registered and logged in to see this link.]
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March 8, 2017 in [You must be registered and logged in to see this link.]
By John Lee.
According to a report from Bloomberg, the International Energy Agency (IEA) has predicted that Iraq will retain its position as OPEC’s second-biggest oil producer, adding 700,000 barrels per day (bpd) to reach 5.4 million bpd by 2022.
Most of the increase will come from southern oilfields, such as the [You must be registered and logged in to see this link.]‘s [You must be registered and logged in to see this link.]project.
The Paris-based agency also forecasts that neighbouring [You must be registered and logged in to see this link.]will increase its oil production capacity by 400,000 bpd to reach 4.15 million bpd by 2022.
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