International Energy: Iraq will become the third largest oil producer in 2030
13:47 - 25/04/2019
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International Energy Agency predicted a bright future for Iraq, noting that it will become the third largest oil producer in the world by 2030.
quoted "Bloomberg" the agency as saying that Iraq will strengthen its position among the top oil producers, to become the third - largest source of new supply In the world and leads growth within OPEC.
The Paris-based agency expected Iraq to boost its production by 2030 by 30 percent, bringing Canada, now the world's fourth-largest oil producer, to Iraq, adding that Iraq would raise its production to nearly 6 million bpd by the year Mentioned.
"The increase in Iraq's production will compensate for the large losses from Iran and Venezuela, as well as the situation in Libya, which is still fragile," the agency said. Ending / 25