Iraq hits 3M bpd oil exports in September

During the first week of September, Iraqi oil exports reached approximately 3 million barrels per day, according to Oil Minister Basem Muhammad Khudair. These figures come as part of a strategy to enhance production and exports, with ongoing tanker loading operations and Iraq beginning negotiations with an American-Qatari consortium to establish a pipeline between Basra and Baniyas. The Minister also emphasized that Iraq is committed to its OPEC quota, ensuring that production does not exceed 4.2 million barrels per day, as part of efforts to develop the oil and gas sector and increase Iraq's capital presence in the global market.

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