OPEC: Iraq's share will reach 4.3 million barrels per day during the next month

OPEC logo
 
01/05/2022

Economy News - Baghdad

Today, Wednesday, the Organization of the Petroleum Exporting Countries announced that the share of Iraq's oil production will reach 4.325 million barrels per day during the month of February, after the OPEC + agreement to increase 400 thousand barrels per day .

The organization stated in its schedule, that "the production quota for Iraq for the month of February was set at 4.325 million barrels per day, an increase of 44,000 barrels per day over the month of January, which amounted to 4.281 million barrels per day, and an increase of 88 thousand barrels per day over last December ."

And she added, "The production of both Saudi Arabia and Russia was set, with a production of 10.227 million barrels per day, during the month of February, an increase of about 105,000 barrels per day from the current month of January, and the UAE's production share increased by 30 thousand barrels per day, to reach 2.946 million barrels per day during next month ."

She indicated that "the share of OPEC from the planned increase of 4894 thousand barrels per day in February will amount to 254 thousand barrels to reach 24.808 million barrels per day, while the share of allied with OPEC will reach 292,000 barrels to reach 40,894 million barrels per day ."

And OPEC + agreed, during its meeting on Tuesday, to increase its oil production by more than 400 thousand barrels per day, according to the previously agreed schedule .

https://economy-news.net/content.php?id=27069