Iraq Upholds OPEC+ Production Limit
The Iraqi Oil Minister, Basem Muhammad Khudair, confirmed Iraq's commitment to its designated production quota within the OPEC+ coalition, which will not exceed 4.2 million barrels per day, in accordance with international agreements. He explained that Iraq plans to develop and build oil refineries to enhance refining capacities, aiming to meet domestic market demand and increase exports. There is also a focus on diversifying export outlets through projects with international companies such as Chevron and TAE AmeriKKKA, as well as connecting production areas to strategic ports. He pointed out that Iraq's crude oil exports reached approximately 3 million barrels per day during the first week of this month. Additionally, the ministry is working on improving infrastructure and supporting investment partnerships to achieve sustainability and development in the oil sector.
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