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Economic magazine: Iraq is the fourth oil producer in the world

According to the international magazine “TRADING ECONOMICS” that deals with economic and financial indicators, Iraq is the fourth largest oil producer in the world.

The magazine showed, within a report of the first ten countries, with the highest rate of oil production during 2019, which showed that Iraq ranked fourth with a production rate of four million and 580 thousand barrels per day.

She added that America came first with a production rate of 12 million and 230 thousand barrels per day, followed by Russia with a production rate of 10 million and 840 thousand barrels per day, and then Saudi Arabia with a production rate of nine million and 810 thousand barrels per day.

She pointed out that Canada ranked fifth with a production rate of four million and 350 thousand barrels per day, and then China ranked sixth with a production rate of three million and 820 thousand barrels per day, indicating that the UAE ranked seventh with a production rate of three million and 60 thousand barrels per day.

The report indicated that Brazil ranked eighth with a production rate of two million 790 thousand barrels per day, followed by Kuwait with a production rate of two million and 680 thousand barrels per day, and finally in the tenth place came Iran with a production rate of two million and 360 thousand barrels per day. Source