Iraq plans:
Baghdad (IraqiNews.com) – Iraqi Minister of Oil Hayan Abdul-Ghani revealed on Wednesday that Iraq plans to increase its oil output from 4.4 million barrels per day to 5.5 million barrels per day by the end of 2025.
Abdul-Ghani told Rudaw News that the ministry is expanding well drilling and rehabilitation operations, adding surface facilities and pipelines, and boosting water injection to maintain reservoir pressures.
28 American corporations presently work directly with the ministry, including KBR, Honeywell, Halliburton, Schlumberger, Baker Hughes, Weatherford, and John Wood Group, as well as service providers and subcontractors, according to Abdul-Ghani.
Abdul Ghani also revealed that discussions with US-based Chevron regarding exploration areas in Nasiriyah and Salah al-Din provinces are still underway.
Iraq also concluded major deals with British Petroleum (BP) to produce 1.8 million barrels per day from the Rumaila oilfield and to develop four key oil fields in Kirkuk, with a total capacity of around 450,000 barrels per day.
Iraq produced over 4.4 million barrels of oil per day in 2023, which was less than the previous year, according to Statista, a German online platform that specializes in data collection.
The country’s oil production rose steadily between 2005 and 2019, reaching a record of over 4.78 million barrels per day. Since then, Iraq’s yearly oil output has been steadily dropping.
Deputy Oil Minister for Extraction Affairs Basim Khudair revealed in March that the ministry aims to boost the country’s oil and gas production capacity within a well-defined five-year plan.
Khudair explained that the government aims to increase oil output to more than six million barrels per day by 2028 or 2029.
Earlier in 2025, the undersecretary of the Oil Ministry, Ali Maaraj, revealed 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.
