OPEC: Iraq's oil production will reach 4.461 million barrels per day
The organization stated in its schedule, seen by Shafak News Agency, that "the production quota for Iraq for the month of May was set at 4.461 million barrels per day, an increase of 47 thousand barrels per day from the month of April, which amounted to 4.414 million barrels per day, and an increase of 91 thousand barrels per day over last March." Indicating that "Iraq was the second largest producer in the organization after Saudi Arabia, and the third largest producer in OPEC + after Saudi Arabia and Russia."
And she added, "The production of both Saudi Arabia and Russia was set at 10.549 million barrels per day, during the month of May, an increase of about 113 thousand barrels per day from the current month of April, and the UAE's production share increased by 34,000 barrels per day, to reach 3.040 million barrels per day during the month. next".
She noted that Kuwait set its production at 2.694 million barrels per day, and Algeria's production at 1,013 million barrels per day.
And she noted that "the share of OPEC from the increase scheduled in May will amount to 273 thousand barrels to reach 25.589 million barrels per day, while the share of allied with OPEC will reach 127 thousand barrels to reach 16.537 million barrels per day."
And OPEC + agreed, during its meeting last Thursday, to increase its oil production by more than 400,000 barrels per day, according to the previously agreed schedule.
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