Iraq Targets 770,000 bpd Through Ceyhan as Southern Output Climbs Back

Iraq has regained significant oil production capacity, targeting 770,000 barrels per day through its Ceyhan pipeline, as southern fields like West Qurna 1, Majnoon, and Fauqi have resumed operations. This rebound comes after a sharp decline caused by the Hormuz crisis, which had left the country struggling economically due to its heavy reliance on oil exports. This recovery is crucial for Iraq's financial stability and helps it regain a portion of its pre-crisis production levels, although it still lags significantly behind its former output of over 4 million barrels per day.