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المشهد العربي
Iraq signs deal with Chevron-led group on oil pipeline
The Iraqi Ministry of Oil has signed a contract with a coalition headed by the American company "Chevron" to build a pipeline for transporting oil from Basra to the north, with a capacity of two million barrels per day, at an estimated cost of around $15 billion. The project aims to improve Iraq's oil infrastructure and increase its export capabilities. The Iraqi Oil Minister also noted that Iraq's oil production has reached approximately 2.7 million barrels per day since August, with exports of 1.7 million barrels per day, while pre-war exports were around 106 million barrels monthly. Additionally, Iraq led the list of OPEC supporter countries increasing production in July, with an increase of 460,000 barrels per day, bringing the total to 2.3 million barrels daily.
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