Highlights INOC to take 40% stake in TotalEnergies’ Basra project: oil minister Chevron project to be finalized in next few weeks Iraq to remain reliant on Iranian gas for a long time Iraq, OPEC’s second-biggest producer, is in advanced talks with international oil companies over boosting the country’s production capacity to 8 million b/d by end of 2027, its oil minister said Oct. 6. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “There is a new discussion with all our partners, the IOCs, in Iraq to optimize the plateau to be 8 million b/d by end of 2027,” Ihsan Ismaael told the Energy Intelligence Forum. “We have completed 90%-95% of discussions with them to change the plateau form 12 million b/d to around 8 million b/d.” Several oil majors operate the country’s biggest oil field in the south, including BP’s Rumaila, Lukoil’s West Qurna 2 […]