Oil

Iraq to Expand Production to 12 mn barrels of oil per day by 2017

Iraq currently produces about 3 million barrels of oil per day (bopd) but the Middle Eastern nation has recently become one of the hot topics in the oil arena. The borders contain some of the largest untapped oil and gas reserves in the world, and if the political situation stabilizes, Iraq can overturn the entire arena of global energy.

Oil reserves in Iraq

Iraq has the sixth largest proven oil . . .

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