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Reports indicate that a project to increase Iraq’s crude oil production to 4.5 million barrels per day by 2025 is facing challenges related to financing and implementation. Current production is approximately 4 million barrels per day, with an aim to boost output by 12.5% in the upcoming phase. Iraq is making significant investments in the oil and gas sectors to enhance its production capacity, hoping that these efforts will increase revenues and strengthen its position as a major energy supplier in the region.
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