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Iraq to End Fuel Imports as Domestic Production “Exceeds” Demand
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Why This Matters
Iraq's Prime Minister has announced plans to halt fuel imports due to increased domestic oil production and refining capacity, citing self-sufficiency. This move is attributed to the success of the Nasiriyah field and increased production quotas within OPEC+. The development is expected to positively impact Iraq's energy sector and potentially reduce reliance on foreign imports.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Iraq Prime Minister Mohammed Shia Al Sudani has directed his ministry to halt imports of middle distillates such as gasoline, diesel and kerosene, claiming his country has achieved self-sufficiency through increased oil production coupled with ongoing additions of refining capacity. Iraq has ramped up oil production and exports, partly through the success of its Nasiriyah field as well as increased production quotas within the OPEC+ agreement. Specifically, production at the Nasiriyah field has increased to 80,000 barrels a day by bringing…
Original article published by
OilPrice.com
on November 7, 2025.
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Analysis and insights provided by AnalystMarkets AI.