.
.
.
.

Iraq plans to increase oil production to 8 mln bpd by 2027

Published: Updated:

Iraq plans to increase oil production to eight million barrels per day (BPD) by the end of 2027, Iraqi Oil Minister Ihsan Abdul Jabbar told the Iraqi news agency (INA) on Tuesday.

For the latest headlines, follow our Google News channel online or via the app.

The oil ministry’s spokesman, Assem Jihad, also told INA that oil-producing countries reconsidered their plans because of the challenges facing the oil market.

“The increases have become calculated according to the variables and developments of the oil market, and that it is not possible to predict what the oil market will be like,” Jihad said.

Read more:

US imposes new restrictions on Iran-backed militias in Lebanon, Iraq, Syria

French president to take part in regional security conference in Iraq’s Baghdad

Iraq FM in Tehran talks ahead of hosting regional summit in Baghdad