Baghdad:Deputy Prime Minister for Energy Affairs, Mohsen Al-Mandalawi, emphasized the necessity of finalizing and activating contracts and memoranda of understanding with Chevron and ExxonMobil to increase oil production in Iraq.

According to National Iraqi News Agency, Al-Mandalawi chaired an extensive meeting that included the Ministers of Oil and Electricity and senior officials from the Ministry of Oil. The meeting, held in the presence of the Director General of the Iraqi Oil Marketing Company (SOMO) and other key figures, focused on strategies to enhance Iraq’s oil sector capabilities, increase production and exports, and address challenges posed by the Strait of Hormuz crisis on oil exports.

The discussion included the need to enhance crude oil production capacity and daily export rates by utilizing agreements with Chevron and ExxonMobil. Participants also explored new export routes to ensure Iraqi oil reaches global markets. Additionally, the meeting addressed electrical energy needs, technical requirements for distribution network development, and future plans for the electricity sector in preparation for the upcoming summer.

Participants highlighted the importance of revitalizing plans to refurbish and advance oil pipelines and infrastructure projects for oil fields. Al-Mandalawi stressed the importance of meeting the needs of oil companies operating in Iraqi fields and removing obstacles to support increased production rates and achieve tangible production capacity improvements promptly, in response to current challenges.