Iraq is the main contributor in oil production till 2035

BAGHDAD / IraqiNews.com: Iraq will be the main contributor in oil production increase till 2035, according to International Energy Agency periodical report. The report said that OPEC will achieve an increase of 2.9 b/d in the medium range, namely 23.8 million b/d in 2010 to 26.7 million b/d in 2015, to 36 million b/d in 2035. It clarified that in case of achieving such an increase, the OPEC percentage in world production was 42% in 2010 to be increased to 51% in 2035. Iraqi oil production shall be the main contributor, whose production will be tripled from 2.5 million b/d to 7.7 million b/d, though this figure is different from Iraqi government expectations to reach 12 million b/d in 2017. RM (TP) Number of Reads:96