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The Iraqi Ministry of Oil announced plans to increase production from the Kirkuk fields to 450,000 barrels per day, while also investing 500 million cubic feet of gas daily, as part of a strategy to develop the oil and gas sector in collaboration with the British company "BP." Operational activities in the Kirkuk, Bai Hasan, Khabbaz, and Jemspor fields have been transferred to a joint authority responsible for managing the project, with the goal of boosting production, utilizing gas, and strengthening Iraq’s economic revenues. The plan includes training local personnel, technology transfer, and implementing service projects for local communities, all within Iraq’s efforts to raise oil production to 10 million barrels per day over the next five years.
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