Iraq seeks to increase oil production to 7 million barrels per day within five years

Iraq seeks to increase oil production to 7 million barrels per day within five years

2025-01-28 00:03

Iraq seeks to increase oil production to 7 million barrels per day within five yearsShafaq News/ The Undersecretary of the Ministry of Oil, Ali Maaraj, said on Tuesday that the ministry aims to increase oil production to about 7 million barrels per day over the next five years.

In his speech during the “Iraq Energy” conference, Maaraj added that the most important basic objectives of the Iraqi Ministry of Oil revolve around increasing production capacity, which will reach 7 million barrels per day within the next five years.

He pointed out that the ministry also aims to treat gas and reach zero percent in the burning of associated natural gas, as well as stop the process of importing petroleum derivatives during the coming period.

shafaq.com