Iraq Plans to Expand Oil Exports

Iraq announces new plans to develop its oil sector, including expanding export pipelines, upgrading the oil fleet, increasing gas production, and utilizing associated gas instead of flaring it by 2029. Additionally, the country has inaugurated a gas processing plant at Al-Fawihah field and undertaken a gas processing project in Aratawi, Basra, aimed at reducing gas flaring and boosting exports. The government is also seeking to diversify oil export routes by developing alternative pipelines to enhance independence and reduce reliance on maritime export methods, signing agreements worth over $60 billion with Western companies to support these projects.

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