- Iraq aims to more than double its oil production to between 8 million and 10 million bpd within six years, seeking to rival Saudi Arabia's output.
- To achieve this ambitious goal, Iraq relies on the capital and expertise of major Western energy companies to develop its vast oil and gas fields.
- Chevron, ConocoPhillips, and ExxonMobil are positioned to benefit from this expansion through significant operational agreements and field development projects in Iraq.