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

Summary by AUGAF
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. Oil ministry undersecretary Bassem Mohamed Khodeir told the agency that Iraq aims to achieve its target through oil exploration and nationwide drilling activity, pointing to a recent deal with oil major BP (BP.L), opens new tab to redevelop four Kirkuk oil and gas fields.

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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.

·United Kingdom
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Market Screener broke the news in on Sunday, March 23, 2025.
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