Iraq plans gradual oil recovery
Iraq intends to gradually restore its crude oil production to reach between 4.2 and 4.3 million barrels per day, aiming to return to pre-crisis levels caused by the Iran war and the closure of the Strait of Hormuz. The plan focuses on increasing exports, especially from the southern ports, to approximately 3.5 million barrels per day, depending on the readiness of the fields, production lines, and export facilities.
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