Economics
Iraq Resumes Production at Mosul Oil Field after Daesh Defeat - Oil Ministry
Iraqi Oil Minister Jabbar Luaibi said in a message to Prime Minister Haider Abadi about restored oil production at an oil field south of Mosul. "We are resuming oil production at Qayyarah oil field, Nineveh province with the capacity of 30K bpd after full restoration of the destroyed wells, enterprises and oil pipelines," Luaibi said. The ministry also plans to increase oil production to 60K bpd by the end of this year. It is also noted that for the first time in the history of the oil field, production will be carried out for export.
Source: https://sputniknews.com/middleeast/201809261068362852-iraq-oil-production-daesh/
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This publication may not be reproduced, modified, or re-disseminated in whole or in part without the prior written permission of Rabee Securities. The information provided herein is of a general nature and for informational purposes only and is not intended to serve as an offer or solicitation with respect to the purchase or sale of any security, or as a recommendation to adopt any particular trading strategy. Such information is subject to change without prior notice. Although Rabee Securities obtains information from sources it considers reliable, Rabee Securities makes no representations or warranties, express or implied, as to the information's accuracy or completeness. Furthermore, such information may be incomplete or condensed. Rabee Securities, its affiliates, directors, employees, assigns, agents, and successors bear no liability for any errors or omissions in this publication or for any losses arising from the use of or reliance upon this information. This limitation on liability applies to direct, indirect, consequential, special, punitive, or other damages, as well as damages for loss of profits or business interruption. Investors shall bear all responsibility for investment decisions taken on the basis of the contents of this report. Rabee Securities strongly advises potential investors to seek financial guidance when determining whether an investment is appropriate to their needs. All estimates included in this report constitute Rabee Securities’ opinion as of the date published on the report and are subject to change without notice. Copyright© Rabee Securities 2021



