Anticipated Growth of Economy of Iraq

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The government of Iraq issued a report and according to the report it has been predicted that Iraq’s GDP growth rate increased to 10% in last three years and this is the remarkable success in Iraq. Iraq is making tremendous achievements in every field of life. The development rate of Iraq is increasing and with this foreign investment is coming to Iraq in the oil sector to great extent and this is making the Iraqi revenues more. Here are given some of the achievements that are given under.

Iraq is a member of OPEC and being the OPEC’s important member, Iraq is the second largest oil producer of the world and producing more than 3 million barrels oil per day. And every passing day Iraq plans to double the oil production and double the production of oil and making it stand in the international community.

According to the news agency, Head of State oil marketing organization said that every day Iraq is increasing the oil production i.e. 2.565 million bpd in this august and this has been the highest oil production in the last years.

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