OPEC increases oil supplies to seven countries, including Iraq

Economy
  • 13-08-2022, 10:22
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    Baghdad-INA
     
     The Organization of the Petroleum Exporting Countries -OPEC decided to increase oil supplies of July for seven countries, including Iraq.
     
    The oil production of the 13 member states of OPEC increased by 216,000 barrels per day during the month of July, reaching 28.896 million barrels per day, supported by increased supplies from seven countries, including Iraq.
     
    According to the monthly report of the Organization, followed by the Iraqi News Agency (INA), "The largest increases came from Saudi Arabia, as its oil production rose by 158,000 barrels per day, to reach 10.714 million barrels per day, followed by the UAE, which recorded an increase of 48 thousand barrels per day, and then Kuwait recorded an increase of 47,000 barrels per day,”
     
    "Iraq increased its production by 30 thousand barrels per day to reach 4,496 million barrels per day, as the increase in Iraq's oil production rose by 447 thousand barrels per day from the same period in 2021."
     
    The report also indicates that the largest drop came from Venezuela, where shipments decreased by 49,000 barrels per day, bringing its production to 661,000 barrels per day, followed by Angola by 19 thousand barrels per day, then Libya by 11 thousand barrels per day. Congo by 6 thousand barrels per day, and finally Algeria by 3 thousand barrels per day.