12 Hrs
Source:
اقتصاد
Iraq plans to reach 7 million barrels daily in three years
Iraqi Prime Minister Ali al-Zaydi stated that his upcoming visit to Washington in July will mark the beginning of a new phase of partnership between Iraq and the United States, focusing on transitioning from military cooperation to economic, investment, and developmental collaboration. He indicated that the government prioritizes American companies in the fields of oil, electricity, and communications, aiming to increase Iraq's oil production to 7 million barrels per day over the next three years. Additionally, the government plans to invest oil revenues, which could reach up to 2 million barrels per day, through a Energy and Development Fund valued at up to $400 billion. The government is also working on financial reforms to combat corruption and rebuild the economic infrastructure.
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