Iraq carries out 19 major projects to increase oil and gas output
During a meeting with senior officials in Iraq's oil industry, al-Sudani emphasized the necessity of monitoring project progress, overcoming obstacles, presenting special reports, and organizing committees to address issues hampering project completion, according to a statement released by the Prime Minister's Office (PMO).
According to al-Sudani, the most important projects completed are the development of the Al-Faihaa field, the construction of an oil pipeline network in Baghdad, the installation of gas compressors in the East Baghdad fields, the implementation of the second phase of the Artawi oil complex, the completion of the Halfaya gas processing project, the rehabilitation project of the northern refinery, and the installation of the isomerization unit in the Basra refinery.
The undersecretary of the Iraqi Ministry of Oil, Ali Maaraj, revealed in January that the ministry aims to increase oil production to about seven million barrels per day over the next five years.
Increasing production capacity, which will reach seven million barrels per day over the next five years, is one of the primary objectives of the Iraqi Oil Ministry, according to Maaraj.
In the upcoming timeframe, Maaraj noted, the ministry also hopes to completely end gas flaring and the importation of oil derivatives.
The Deputy Minister for Extraction Affairs, Basim Khudair, revealed last September that the ministry has an ambitious plan to boost oil production to six million barrels per day to secure sufficient quantities for export.
The ministry also seeks to achieve self-sufficiency in the produced gas needed for industrial purposes and electricity generation, according to Khudair.
From 2005 to 2019, the country's oil output generally increased, peaking at about 4.78 million barrels per day. Iraq's annual oil production has been continuously declining since that time.
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