Iraq raises oil exports to 3 million bpd
Iraq has increased its oil export capacity to over 3 million barrels per day, with plans to boost production to 5 million barrels per day after completing pipeline infrastructure and export outlets through the Strait of Hormuz. Data indicates that September shipments are on track to rise, with buyers satisfied with the sizable profits and Iran permitting Iraqi oil tankers to pass through the strait. In August, Iraq's exports rose to approximately 2.34 million barrels per day.
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