Iraq Targets 770,000 bpd Through Ceyhan as Southern Output Climbs Back

AI Summary

Iraq has restarted production at key oil fields such as West Qurna 1, Majnoon, and Fauqi, raising national oil output to about 1.5-1.6 million barrels per day after disruptions caused by the Hormuz crisis. Despite this recovery, output remains well below levels before regional conflicts closed the Strait of Hormuz, significantly impacting Gulf shipping routes.

Iraq has restarted production at some of its most important oil fields, including West Qurna 1, Majnoon and Fauqi, lifting national output back to roughly 1.5-1.6 million barrels per day after the collapse triggered by the Hormuz crisis, according to IraqiNews. Iraq has spent the past three months confronting a dangerous economic oil dependency caused by the closure of the Strait of Hormuz, and the rebound still keeps Iraq far below the more than 4 million bpd Iraq was producing before the regional war disrupted Gulf shipping routes and forced…