Iraq's oil minister has said he expects the country to become the world's top oil producer within six to seven years, Reuters has reported. "We can't find a reason to prevent Iraqi production becoming higher than any other Opec state or even states outside Opec," Hussain al-Shahristani said. Unlike Opec's 11 other members, Baghdad is not currently subject to the output targets the group uses to set supply levels. Iraq expects capacity to eventually reach up to 12 million bpd.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.