89968
Iraq Oil Output Stable Amid Mass Protests
Iraq Oil Output Stable Amid Mass Protests

Iraq Oil Output Stable Amid Mass Protests

Iraq Oil Output Stable Amid Mass Protests

Iraq is pumping oil at normal levels even as protests spread across the southern region from where OPEC’s second-biggest producer exports most of its crude, a government spokesman said. “Production and exports from southern Iraq are stable as per normal levels,” Oil Ministry Spokesman Asim Jihad also said by phone, Bloomberg reported. Authorities have deployed security forces to protect energy fields and facilities in the region, he added. Protests broke out last week in the southern province of Basra by residents asking for jobs at some of the country’s giant oilfields operated by international companies such as ExxonMobil Corp. and Lukoil PJSC. Iraqis have protested about unemployment and inadequate public services, including power and water shortages ever since the US-led invasion of 2003. Iraq has been rebuilding its energy industry and ranks second only to Saudi Arabia for production within the Organization of Petroleum Exporting Countries. The country is pumping 4.55 million barrels per day and its exports have reached 3.52 million bpd in June, the International Energy Agency said.

 

Short URL : https://goo.gl/SHBvNj
  1. https://goo.gl/q4wPcr
  • https://goo.gl/7XCSxs
  • https://goo.gl/Abgnju
  • https://goo.gl/QB9g7M
  • https://goo.gl/jkF3wV

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus