12 August 2016

Exclusive: Iraq, oil companies agree to restart investment, boost output

By benbam

Iraq is OPEC’s second biggest producer after Saudi Arabia, and the increase in its output, alongside that of Iran, could aggravate the global oil glut and complicate discussions between OPEC and non-OPEC producers on output limits to prop up prices.http://www.reuters.com/article/us-iraq-energy-oil-exclusive-idUSKCN10M0QO