Breaking News

OPEC- Iraq acquires 25% of the Indian market

Baghdad, OPEC said that Iraq acquired 25% of the Indian market share.

The OPEC report for the month of March stated that Iraq’s production rose from 3.807 million barrels per day last January to 3.868 million barrels per day in February, indicating that the increase amounted to 61 thousand barrels per day.

According to the report, Iraq ranked first in its acquisition of the Indian market, as it controls 25% of the total market, followed by Saudi Arabia with 20%.

Oil prices jumped during the current month to their highest level since the start of the Corona pandemic, reaching more than $ 70 a barrel, supported by increased global demand, the OPEC Plus agreement and weather turbulence in America, in addition to the improvement in the global economy due to the stimulus policies used by several countries such as America, and Britain, and a vaccine for the Corona virus was found, and several countries began using it.

 

Source: National Iraqi News Agency

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.