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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
Iraq's oil output and capacity may peak following growth of around 25% over the next five years according to Reuters sources.
- Output may fall short of 2027 targets of 7-8mbpd capacity. Capacity may peak at 6.3mbpd by 2028 before declining according to FGE and Rystad Energy see capacity limited to 5.5mbdp by 2027.
- Iraq's output has held around 4.5mbpd since 2016 after rising from 2009 after the government opened up the sector and international oil companies increased output from biggest oilfields.
- Iraq’s new energy minister is attempting to attract investment, but OPEC production quotas and political infighting has limited the opportunity to invest in growing output more quickly.
- Iraq current OPEC production target is 4.43mbpd until December and Feb 2023 output was 4.387mbpd according to OPEC.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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