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Commodities Briefing - Categorized | Oil, Trends more

Iraq headed for 1st annual oil output drop in three years

Posted on 30 July 2013

Iraq’s oil revival is stalling, and unless momentum is regained, Baghdad will report an output decline for 2013, its first after two years of robust gains, much to the relief of rival Gulf producers.
Swift work since 2010 at Iraq’s southern oilfields by the likes of BP, Exxon Mobil and Eni raised output by 600,000 barrels per day (bpd) to 2.9 million bpd in 2012, turning Iraq into the world’s fastest growing exporter…………………………………Full Article: Source


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