Iraq is currently the fifth-largest oil producer worldwide, and the second-largest from among the OPEC
Iraq is on track to produce nearly six million barrels of crude daily by 2030, the International Energy Agency said on Thursday, which would make it the world’s third biggest oil supplier.
The IEA’s wide-ranging report found that Iraq’s production in the next decade could increase by an impressive 1.3 million barrels per day to a total of 5.9 million bpd.
“Iraq is and will remain one of the key pillars of the oil market in the years to come,” IEA head Fatih Birol told reporters on Thursday.
