Iraq aims to produce 7 million barrels per day (b/d) of oil and export 4 million b/d in 2019 through its newly-established National Oil Company, Oil Minister Jabar al-Luaibi announced on October 20, according to Reuters.
Luaibi said that the country hopes to export 1 million b/d through the Jordanian Aqaba port without giving a timeline for the plan. He added that the burning of gas byproduct from oil extraction would stop by 2021.
He also confirmed that the northern refinery of Baiji was brought back online and is producing 70,000 b/d.
