Iraq plans to raise oil production capacity above 6 million bpd by 2029

Iraq seeks gas independence: Fast-tracks Akkas, Mansouriya development

Shafaq News/ Iraq is seeking to fast-track the development of its Akkas and Mansouriya gas fields to meet rising domestic energy needs, a senior oil official said on Tuesday.Bassem Mohammed Khudair, I

With BP’s Megadeal Approved, Is the West Back in Iraq?

Iraq’s Council of Ministers last week approved the final version of BP’s US$25 billion+ contract with the Oil Ministry to develop the Kirkuk oil fields of Baba and Avana, and the neighbouring sites of Bai Hassan, Jumboor and Khabaz. This is the second huge deal signed by Western firms recently, with the other being the US$27 billion four-pronged project of France’s TotalEnergies. It is a remarkable achievement so far, given the steady erosion of…

Oil Standoff: The Unyielding Halt of Kurdistan's Crude Flow

Oil Standoff: The Unyielding Halt of Kurdistan's Crude Flow In a continued standoff affecting the global oil market, the Kurdish region in Iraq is currently producing 286,000 barrels of crude oil per day. Despite significant production, the region's export routes remain blocked, marking the second year of halted crude flow due to unresolved negotiations between Iraqi oil authorities and Kurdish officials.Efforts to resolve the deadlock, particul…

Iraq Plans to Raise Oil Production Capacity Above 6 Million Bpd by 2029

Iraq plans to raise oil production capacity to over 6 million bpd by 2029

Iraq said it plans to raise oil production capacity to over 6 million barrels per day by 2029, the Iraqi state

Iraq plans to raise oil production capacity above 6 million bpd by 2029

Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq's oil ministry as saying on Sunday.