Breaking Information: Iraq's export capacity limits its plans to increase oil exports.
https://www.iraqidinarusd.com/2024/02/breaking-information-iraqs-export.html
China, the largest buyer of Iraqi crude, has been bidding aggressively to replace many Western international oil companies that have pulled out of Iraq in recent years.
Chinese companies manage about 34% of Iraq's proven reserves and two-thirds of its current production.
As the largest Chinese investor in Iraq, CNPC holds stakes in Ahdab, Halfaya, Rumaila, and West Qurna 1. There are also minor players in Iraq, such as CNOOC, Union, ZenHua, and others. The combined Chinese companies own around 24 billion barrels of oil reserves and produce around 3.0 million barrels per day.
The entire oil investment report is on the S&P Global Insights website. This is the type of site where international investors read and make decisions.
