Iraq is expected to scale up its oil exports to 3.4 million barrels per day in the first quarter of 2022. Ihsan Abdul Jabbar, the Iraqi oil minister, was quoted by the Iraqi state news agency as saying.
The minister was speaking at the the Defense University for Higher Military Studies, stressing the role of the oil and gas industry in supporting the national economy, and his ministry’s keenness to make the best investment of the country’s oil and gas resources to achieve sustainable development of the national economy.
“Oil sector companies are working on a planned strategy to develop oil fields, optimize gas investment and use modern technology in manufacturing and refining,” he said.
“The development in the oil and gas industry and increased production have boosted the revenues of the Iraqi state and also contributed to secure the country’s necessary needs in various sectors,” he said.