Iraq to See Largest Oil Production Increase
According to Ahmad Mustafa, most oil producers in Eastern Kurdistan are expected to increase their oil production by twofold in the coming year, following the aftermath of the Iran war and the closure of the Hormuz Strait. The company BM AI, a subsidiary of Fitch Solutions, stated in a report released by the Ministry of Oil.
AI Translated Summary:
Iraq is set to become the largest oil producer in the region, with production expected to double in the coming years. This increase follows the aftermath of the Iran war and the closure of the Hormuz Strait.
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