Iraq produces 2.7M barrels daily to address flared gas

Iraqi Oil Minister Bassem Muhammad Khudair confirmed that Iraq is currently producing around 2.7 million barrels per day and exporting between 1.5 and 1.7 million barrels per day. These efforts are part of plans to boost energy production and eliminate the issue of flared gas. Iraq aims to develop its oil industry, increase exports, and build infrastructure, alongside attracting international companies to invest effectively in oil and gas. The country is also working to resolve the problem of gas flaring and to utilize gas fields by signing contracts with international firms, developing export infrastructure, and enhancing cooperation with global companies. These measures are intended to re-export oil through multiple outlets and achieve self-sufficiency. Additionally, discussions have taken place regarding agreements with Turkey concerning oil exports, with an emphasis on diversifying export routes and aiming for leadership in energy production to boost economic growth.

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