Report

rss

Iraq News

Kurdistan

Economy

World

All News

Iraq ranks sixth in the world as the largest oil producer

Category: Economy

Date: 2020-08-26T11:02:28+0000
Iraq ranks sixth in the world as the largest oil producer

Shafaq News / The British investment site INN revealed that Iraq ranked sixth in the world as the largest oil producer, in addition to being the owner of the fifth-largest crude reserves in the world.

In a report, the site said THAT Iraq ranked sixth in the world with the largest oil production in the world in 2019, with a production of 4,700,000 million barrels per day, while the US ranked first, followed by Saudi Arabia, Russia, Canada and China".

As by the statement, Iraq was able to increase its oil production in 2017. It increased its production in 2018 to 4,616,000 million barrels per day, to replace Iran and occupy the sixth place as the largest oil producer in the world, and increase its production in 2019 4.700,000 million barrels per day.

Iraq ranks fifth in the world with the largest reserves in the world, as its reserves amounted to 144 billion barrels, and represent 18% of the Middle East reserves and nearly 9% of the world oil reserves".

INN is one of the global sites that publish investment news and is owned by Dig Media Inc, which is a private company based in Vancouver, British Columbia.


related

While Iraqis are being fired, foreigners in oil sector earn astronomical sums

Date: 2021-05-05 11:06:07
While Iraqis are being fired, foreigners in oil sector earn astronomical sums

Oil retreats on surprise rise in U.S. stocks, weakening demand outlook

Date: 2021-07-21 06:14:37
Oil retreats on surprise rise in U.S. stocks, weakening demand outlook

Oil prices back on the rise prior OPEC + meeting

Date: 2020-06-01 11:58:29
Oil prices back on the rise prior OPEC + meeting

A slight recovery in oil prices after the lowest level in 18 years

Date: 2020-03-31 10:42:45
A slight recovery in oil prices after the lowest level in 18 years

Oil gains as traders await stocks data

Date: 2021-10-26 06:08:10
Oil gains as traders await stocks data

Oil falls as U.S. inventory build prompts profit

Date: 2022-01-21 05:14:38
Oil falls as U.S. inventory build prompts profit

Iraq aims to boost southern ports crude export capacity

Date: 2020-12-26 14:46:50
Iraq aims to boost southern ports crude export capacity

Oil holds near multi-year highs amid demand recovery

Date: 2021-06-14 05:20:14
Oil holds near multi-year highs amid demand recovery