Iraq has set an ambitious target to increase its oil production capacity to over 6 million barrels per day by 2029, driving significant investment in infrastructure. Major projects like the Common Seawater Supply Project in the south and the potential full reopening of the Iraq-Turkey pipeline in the north are critical to unlocking this growth. While the return of Western majors like BP and TotalEnergies brings expertise, challenges such as political disputes between Baghdad and Erbil and infrastructure deficits remain key factors to watch.
