Why Iraq Wants Solar Despite Centuries of Oil Reserves ...Middle East

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Why Iraq Wants Solar Despite Centuries of Oil Reserves
source : OILPRICE ( Middle East ) () 126
Iraq has two ingredients necessary for a thriving solar industry: expansive deserts on which to set up solar panels, and a high number of sunlight hours. But Iraq is also OPEC’s second-largest oil producer. Worldometer ranks the country sixth in the world, producing 4.443 million barrels of oil a day. In terms of oil reserves, Iraq is fifth globally, with 143.069 billion barrels, accounting for 8.67% of world supply. At current consumption levels, Iraq has enough oil to last the next 457 years. This hasn’t stopped the country from installing…

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