Iraq raises southern oil output to 1.75 million bpd, officials say

Iraq has increased crude oil production from its southern fields by 250,000 barrels per day to around 1.75 million barrels per day as more tankers load crude from the country’s ports, Iraqi oil officials said on Friday.

The officials said Iraq plans to raise production further to two million barrels per day in the coming few days.

Iraq, like other Gulf oil producers, has suffered the biggest drop in oil revenue as a result of the effective closure of the Strait of Hormuz amid the US-Iran War.