Ihsan Abdul Jabbar stated:
- Oil production capacity could reach 12 million barrels per day
- Current plans do not conflict with the OPEC + agreement to reduce production to maintain the stability of oil markets
- The gradual increase in production would take place through the country’s existing major oil fields, including the Majnoon, Zubair and Rumaila fields - which together have the ability to double their production
- There were plans to increase the capabilities of refineries in Iraq to stop the need for importing fuel
Iraq was targeting an increase in production to a level of between 4 and 5 billion cubic feet by 2025 against current production of 1.5 billion standard cubic feet.
The minister disclosed that a framework agreement had been reached to extend an oil pipeline from Basra to the port of Aqaba in Jordan and that he anticipated the implementation of the agreement to follow within a year.