Loan Agreement: June 16, 2019June 17th, 2019
FiledJune 17th, 2019The oil sector is the largest industry, accounting for more than 50% of the GDP and about 90% of the government revenue, and the single most important source of foreign exchange earnings in Iraq. The country has proven crude oil reserves of approximately 150 billion barrels (OPEC, 2017). Its crude oil production reached 4.42 million barrels per day (BPD) in 2016 and is projected to further increase.