PM:03:06:08/10/2025
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The Iraqi government has signed an agreement with U.S. energy giant ExxonMobil to increase oil production and expand work in oil fields, the Prime Minister’s Office announced Wednesday.
The statement said the deal also includes cooperation to develop Iraq’s gas resources alongside oil projects. Over the past two years, Iraq has signed nearly 30 contracts with international companies to raise production capacity to more than six million barrels per day by 2028 and increase proven reserves from 145 billion to 160 billion barrels.