Oil & Gas Iraq targets oil exports to Africa in expansion plan By Pramod Kumar March 24, 2025, 8:59 AM Reuters/Essam Al-Sudani Iraq's oil exports range between 3.2m and 3.5m barrels per day, with 70 percent shipped to Asia Iraq is considering exporting crude oil to Africa amid a market expansion plan, oil minister Hayan Abdul Ghani has said. “The government is evaluating the feasibility of entering African markets,” he told state-run Iraqi News Agency. Iraq signed 44 contracts under the latest oil licensing rounds across 14 provinces. The state-owned Basra Oil Company, which oversees the country’s oil operations, holds the largest share with 12 contracts. Oil exports range between 3.2 million and 3.5 million barrels per day, with 70 percent shipped to Asia. China is the largest buyer, followed by India. Iraq approves Kirkuk oilfield development deal with BP Final kink obstructs reopening of Iraq-Turkey pipeline Iraq ramps up LNG import projects after US ends Iran waiver Iraq is also accelerating the growth of renewable projects, the minister said. France’s TotalEnergies will generate 1,000 megawatts through a solar power plant. Iraq expects to export 350,000 barrels per day through Turkey’s Ceyhan port, but the oil ministry does not oversee production in Kurdistan. “We have informed Opec that Kurdistan is currently producing 286,000 barrels per day,” Abdul Ghani said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
