Iraq plans to expand oil export capacity from next year

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.

READ: Putin discusses West’s oil price cap with Iraq leader

Unless otherwise stated in the article above, this work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. If the image(s) bear our credit, this license also applies to them. What does that mean? For other permissions, please contact us.