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home / news releases / DRIP - Crude Oil Trade: Iraq Making Big Plans For Crude Oil


DRIP - Crude Oil Trade: Iraq Making Big Plans For Crude Oil

The US sanctions on Iran gave a great opportunity to Iraq, which shortly after increased its target for crude oil production to 6.2 million b/d by early 2021 and nine million b/d by early 2024. The additional volumes will allow Baghdad to cover part of the supply gap created after Iran's collapse. To meet these targets, the country will have to rely on the oil output from semi-autonomous Kurdistan close to the northern borders of the country. The area is still controlled by KRG, including the key pipeline which links Iraqi production with Europe via

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Stock Information

Company Name: Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
Stock Symbol: DRIP
Market: NYSE

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