Iraq boosts oil exports above 3M barrels
Iraqi Oil Minister Basem Khudair announced that Iraq has increased its oil export capacity to more than 3 million barrels per day since the beginning of September. The country plans to boost production to 5 million barrels per day by completing strategic pipelines and new export outlets, including enhancing exports through the Strait of Hormuz. Iraq's exports in August reached their highest level since the start of the war with Iran, amounting to 2.2 million barrels per day, despite the challenges facing maritime navigation in the region. The current plans aim to expand export capabilities and support the country's future production ambitions.
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