About Iraq

Why Iraq?

• OPEC holds 81.9% of World petroleum reserves.
• Among OPEC members, Iraq is holding the top 4th crude oil reserves, after Venezuela, Saudi Arabia and Iran(by the end of 2015). In terms of crude oil production, Iraq holds the 2nd place after Saudi Arabia.

Why Basra?

Total crude oil production in Iraq in 2015: 4.1 million b/d.
Production in Southern Iraq : 3.6 million b/d
Production in Northern Iraq : 450,000 b/d

• Venue