Iraq-Saudi Discussions on Boosting Oil Share
Iraq aims to increase its oil production to between 8 and 10 million barrels per day over the next six years, as part of a plan to boost its export quota within OPEC. This includes implementing projects to export oil through Baniyas in Syria and Aqaba in Jordan. The Iraqi Prime Minister, Mohammed Shia Al-Sudani, emphasized the importance of the country obtaining an oil share that reflects its population size and oil reserves, noting that Iraq fought against ISIS on behalf of the world. The Ministry of Oil has dispatched a delegation to discuss increasing its quota with Saudi Arabia and is working to gradually enhance its oil exports.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)