Kurdistan Iraq Advances Oil Output
The Kurdistan Regional Government of Iraq announced the resumption of oil companies' operations in the region, leading to an increase in oil production to around 230,000 barrels per day, signaling a recovery in activity at the oil fields. The government did not disclose the names of the companies that have resumed work or the quantities allocated for domestic consumption and export. Nor did it specify plans to increase production capacity in the future or when all operations will fully restart. The market is awaiting further information regarding production levels and future development plans.
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