Iraq aims to boost oil exports beyond one million barrels per day

Iraq is planning to increase its oil exports through pipelines connecting it to Turkey and Syria, aiming to surpass one million barrels per day and diversify its export outlets. The goal is to reduce dependence on its southern ports, which are vulnerable to disruptions. The project includes developing the current pipeline network and linking oil fields and ports in the north, as well as constructing a pipeline from Haditha to Baniyas in Syria at a cost of up to $15 billion. Additionally, an agreement has been signed with Turkey to continue oil flows to Ceyhan at a capacity of up to 750,000 barrels per day. Baghdad also seeks to raise its oil production to between 8 and 10 million barrels per day over the next six years to improve its quota within OPEC+ and minimize the risk of export disruptions.

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