Iraq, the world’s third largest oil producer by 2030

Iraq, the world’s third largest oil producer by 2030

2019/4/25 13:03

Iraq the worlds third largest oil producer by 2030{International: Al Furat News} The International Energy Agency (IEA) has predicted a bright future for Iraq, and said that OPEC member country will become the world’s third largest oil producer by 2030.
Iraq will strengthen its position among major oil producers, becoming the world’s third largest exporter of new supplies and driving growth within OPEC, Bloomberg quoted the agency as saying.
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 offset the great losses from Iran and Venezuela, as well as the situation in Libya, which is still fragile,” she said.

alforatnews.com