Iraq Targets 10 Million Barrels Per Day Oil Production Within Six Years
Iraq's prime minister has set a goal to increase the country's oil production to as much as 10 million barrels per day within six years, according to recent statements.
The move comes after Iraq was forced to halt production in most of its oil fields due to the Middle East war between Iran and the United States, which disrupted exports through the Strait of Hormuz.
Before the conflict began, Iraq produced around four million barrels per day, with exports averaging 105 million barrels per month.
The country is working to increase oil exports via alternative routes, including Ceyhan in Turkey and Baniyas in Syria, after recovering some lost ground in July when exports reached 49 million barrels, with more than 30 million passing through the Strait of Hormuz.