PIF Investing US$ 3 Billion in Iraq

Posted on 05/25/2023

Oil is flowing in Iraq, and Public Investment Fund, Saudi Arabia’s sovereign wealth fund (PIF) may be joining the action. Iraq produced nearly 4 million barrels a day in April, and it is expected that production can be ramped up far above the 4 million as it has been recently. PIF’s new entity will be…

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