Iraq plans to raise oil production capacity above 6 million barrels per day by 2029

From Yahoo Finance: 2025-03-23 08:05:00

Iraq plans to boost oil production capacity to over 6 million bpd by 2029 through exploration and drilling, aiming to redevelop Kirkuk fields with BP. Current output at 4 million bpd, Iraq is OPEC+’s second-largest producer and committed to output agreements. OPEC+ cutting output by 5.85 million bpd, set for scheduled increases in April.



Read more at Yahoo Finance: Iraq plans to raise oil production capacity above 6 million barrels per day by 2029