December 2, 2022

Iraq targets 7-mln-bpd oil output capability in 2027 – SOMO

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Iraq plans to extend its oil manufacturing capability to round 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri advised Reuters on Wednesday.

Iraq’s present crude manufacturing capability is shut to five million barrels per day (bpd), but it surely produced 4.651 mln bpd in October, in response to SOMO. That is consistent with its manufacturing quota below the OPEC+ settlement.

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The capability enhance will come from Iraq’s large fields…

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