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Commodities

Iraq's Oil Output Hits 2.7 Million Barrels per Day Amid Ongoing Hormuz Talks

Guavy AI Editorial Team
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Iraq's Oil Minister Basim Mohammed Khudair confirmed that the country is currently producing 2.7 million barrels of oil per day, with exports ranging between 1.5 and 1.7 million barrels daily.

Talks are underway with Iran to allow Iraqi oil exports through the Strait of Hormuz, though no agreement has yet been implemented.

The ministry is working to develop the oil industry, increase production and exports, build infrastructure, boost investment, and attract global companies to optimally invest in oil and gas.

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