Iraq targets 7mln bpd oil output in 3 years

🌐 Hellenic Shipping News (IQ) —

AI Summary

Iraq's Prime Minister Ali al-Zaidi announced plans to increase crude oil production to 7 million barrels per day within three years. The government is seeking investments from US energy companies to support its upstream oil sector expansion goals.

Iraq aims to raise its crude oil production to 7 million barrels per day (bpd) within the next three years, Prime Minister Ali al-Zaidi has said. Speaking to Sky News, Al-Zaidi noted that Baghdad has already presented the production target to US energy companies as it seeks greater investment in Iraq’s upstream oil sector. Last ...

World Politics Markets Deals Energy Iraq oil production Prime Minister Ali al-Zaidi upstream oil energy investment US energy companies

Read original source →