Iraq Says Oil Output Must Rise to Compensate for Price Drop
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Iraq, the nation adding more new oil to global markets than any other supplier in OPEC, said it needs to boost production and exports of crude to compensate for collapsing prices.
“Because of the new challenges, especially the price of oil, Iraq has to try its best to raise it oil production and exports,” Deputy Prime Minister Rowsch Nuri Shaways said Wednesday at the World Economic Forum in Davos, Switzerland.