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25.06.2025 00:00:00

Iraq Accelerates This Oil Megaproject To Meet 7 Million Bpd Production Target

Even before the latest potentially game-changing developments began involving its longtime financial, political, and military ally Iran, it was clear that Iraq needed to focus more on the independent development of its own resources -- most notably in energy -- for its future. In the weeks leading up to the Western-backed Israeli attacks on Iran, the U.S. removed the longstanding waivers that allowed Iraq to keep importing electricity and gas from its neighbour to power 40% of its grid and rolled out new sanctions aimed at cutting Baghdad’s…Weiter zum vollständigen Artikel bei OilPrice.com

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