View Full Version : Oil Output to hit 5.4m bpd in 2022

Investors Iraq News
03-08-2017, 11:59 PM
By John Lee.
According to a report from Bloomberg, the International Energy Agency (IEA) has predicted that Iraq will retain its position as OPECís second-biggest oil producer, adding 700,000 barrels per day (bpd) to reach 5.4 million bpd by 2022.
Most of the increase will come from southern oilfields, such as the Shell (http://www.iraq-businessnews.com/list-of-international-oil-companies-in-iraq/international-oil-companies-shell/)‘s Majnoon (http://www.iraq-businessnews.com/list-of-oil-and-gas-fields-in-iraq/oil-and-gas-fields-majnoon/)project.
The Paris-based agency also forecasts that neighbouring Iran (http://www.iran-bn.com/)will increase its oil production capacity by 400,000 bpd to reach 4.15 million bpd by 2022.
(Source: Bloomberg)

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2017/03/08/oil-output-to-hit-5-4m-bpd-in-2022/)

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