(MENAFN) Iraq oil output this year may fall well below the intended figure set by the country last year, The Peninsula Qatar reported.
Iraq has been rapidly increasing oil production since 2010. Output went up from 600,000 barrels a day to 2.9 million barrels a day in 2012.
The second largest oil producer in the Organization of the Petroleum Exporting Countries (Opec) expected an output of 3.7 million barrels a day this year, but the instability in the Iraqi political scene and issues with infrastructure will make it difficult for the country to top its current 2.9 million barrels a day average.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.