Oil Minister: Iraq exports exceed 3M bpd

Iraqi Oil Minister Basem Muhammad Khudair announced that Iraq's oil exports increased during the first 100 days of the new government, rising from 200,000 barrels per day to more than 3 million barrels per day by September 2026. This increase comes as part of efforts to diversify export outlets, including activating the northern port with Turkey, connecting Basra with roads extending to Syria, and signing agreements with international companies to develop and utilize oil fields more effectively. He also highlighted the ministry’s success in reducing dependence on importing petroleum products through the reactivation of strategic projects, emphasizing that Iraq possesses significant opportunities for investment in the oil sector.

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