
Iraq Advances Oil and Gas Production
Iraq's Ministry of Oil has announced an increase in daily production at the Nasiriyah oil field to 80,000 barrels.
Concurrently, Oil Minister Hayan Abdul Ghani disclosed that the associated gas investment rate has risen significantly to 74%, up from 53%. This progress is marked by the launch of the Basra NGL 1 and NGL 2 projects, each with a planned capacity of 400 million cubic feet per day.
The Ministry has approved several strategic gas projects, highlighting significant advances in the flagship Basra Gas Company—a joint venture between South Gas Company (51%) and Shell and Mitsubishi (49%).
As a top global oil producer, Iraq continues to modernize its sector by boosting gas capture, reducing flaring, and leveraging international partnerships to enhance production and infrastructure.
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