Iraqi Oil Exports Expected to Rise After $7.7 Billion Revenue Last Month

The Parliamentary Committee on Oil, Gas, and Natural Resources announced expectations for an increase in Iraq's crude oil export capacity in the upcoming period. Committee member Rabie Al-Mousawi confirmed that exports reached 3.4 million barrels last month, generating revenues of $7.7 billion. Al-Mousawi explained that the committee recently visited the oil marketing company and met with its general manager, noting that a plan has been set to raise export rates despite current regional challenges.