Iraq Produces 2.7M bpd, Exports Half

The article highlights the efforts of the Iraqi Ministry of Oil to increase oil and gas production and exports. Currently, production has reached 2.7 million barrels per day, with half of this quantity being exported. The ministry emphasizes the implementation of government plans to achieve leadership in energy production, focusing on ending the issue of flared gas and investing in gas fields through signing contracts with international companies. Baghdad also aims to develop export infrastructure and diversify export routes, working on projects such as the Basra-Fishkhabur pipeline to ensure the restoration of previous export levels and to increase future export volumes. Additionally, the article underscores cooperation with international companies and the support for training Iraqi personnel as part of the strategy to strengthen the oil sector, while also highlighting the importance of negotiations to resolve oil-related issues in the Kurdistan Region.

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