aq is targeting an increase in its oil production capacity to 7 million barrels per day (bpd). country holds significant proven oil reserves, estimated at 115 billion barrels, with potential additional reserves in unexplored regions. Noy, Iraq possesses nine super-giant fields and 22 giant fields, primarily located in the southeastern part of the country. (enikipedia.org)

To achieve this productionl, Iraq is engaging in partnerships with international oil companies. For instance, BP is poised to invest up to $25 billion in redeveloping four Kirkuk oil and gas fields, aiming to ince crude production capacity by 150,000 bpd to at least 450,000 bpd. Similarly, Iraq is nearing an agreement with Halliburton to develop the Nahr Bin Omar oilfield, with plans to boost production from the current0,000 bpd to 300,000 bpd and pde 300 million cubic feet of gas. (reuters.com, reuters.com)

However, experts suggest that a more strategic approach could unlock even greater potential. Challenges sh as infrastructure nstraints, including limited refining and export capacities, and the need for substantial water or gas injection to maintain reservoir pressure, must be addressed. By upgrading infrastructure and implementing efficient resource management, Iraq could significantly enhance its oil output beyond the current targets. (en.wikipedia.org)