The Iraqi Ministry of Oil announced the increase of daily oil production at the Nasiriyah oil field to 80,000 barrels, after putting nine wells online, according to Iraq News Agency.
Production at the field remains stable across two active sites, B and E, with a total of 36 wells now in operation.
In parallel, the Minister of Oil Hayan Abdul Ghani disclosed that the associated gas investment rate surged to 74%, up from 53%, announcing the commencement of the Basra NGL 1 and NGL 2 projects, each with a planned processing capacity of 400 million cubic feet per day (mmcf/d).
Abdul Ghani added that the ministry has approved several strategic projects aimed at advancing the country’s gas sector, with significant progress being made on the Basra Gas Company project.
Basra Gas Company is one of the Ministry of Oil’s flagship initiatives, a joint venture between South Gas Company (51%) and international partners Shell and Mitsubishi (49%). The company was established over 12 years ago, he explained.
Iraq, one of the world’s largest oil producers, has been steadily working to modernize its oil and gas sector post-conflict. While oil exports remain the backbone of the economy, recent efforts have focused on increasing gas capture, reducing flaring, and attracting foreign investment to boost production capacity and development of infrastructure. Key partnerships with international companies are helping to unlock both upstream and midstream potential.