Iraq lifts southern oil field output to 2.1 million barrels per day

BAGHDAD, Iraq — Iraq has raised production at its southern oil fields to 2.1 million barrels per day in anticipation of higher crude shipments through Gulf ports, according to official statements. The move is part of Iraq's gradual increase of output within its OPEC+ quota framework. Officials said technical preparations at the southern fields have been completed and additional capacity has been brought online. Export capacity through the Basra Gulf terminals is also set to be expanded alongside the production increase. The country remains heavily dependent on oil revenues, making the higher output level significant for the federal budget. No further details on the timeline of additional exports were immediately available.