Astro Awani | Iraq Doses The Market With Oil Forbes That is especially true because of the extremely low cost of producing oil in Iraq, thought to be the cheapest in the world and usually put around $5 a barrel. Even peak oil advocates have tended to see Iraq as having the potential to increase ... Media: Iraq to boost oil export to record levels Iraq About to Flood Oil Market in New Front of OPEC Price War Iraq About to Flood Oil Market in New Front of OPEC Price War: If shipping ... |