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FINANCIAL NEWS
Iraq oil production declines
04 Aug 2013
(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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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