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Iraq plans to expand oil export capacity from next year

November 29, 2022 at 7:14 pm

Refinery near the city of Erbil, Iraq [Ahsan Mohammed Ahmed Ahmed/Anadolu Agency]

Iraq plans to start increasing oil export capacity, according to its OPEC delegate, Bloomberg reports.

According to the report, the country prepares to add a total of 1 million to 1.5 million barrels a day by 2025.

The project involves rehabilitating the southern Khor Al-Amaya port and marine pipelines, Mohammed Saadoon, Iraq’s National Representative at OPEC and a deputy Director-General of the state-run oil marketing company known as SOMO, said in an interview on state-run Iraqiya TV, the report added.

Iraq is OPEC’s second-largest oil producer.

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