Iraqi authorities have said the country’s oil production is expected to return to pre-war levels within one to two months. The projection follows months of disruption caused by regional conflict that significantly reduced exports and unsettled global energy markets. The recovery is seen as crucial for stabilising Iraq’s economy.
According to the Iraqi Oil Ministry, production capacity at several oil fields is gradually being restored. Spokesman Salim Farhoud said output could return to previous levels within weeks as damaged operations resume. He added that fields which had reduced production are now increasing capacity again.
Before the conflict, Iraq exported around 3.5 million barrels of oil per day, most of it through the Strait of Hormuz. However, the war and related blockades disrupted shipping routes and forced major production cuts. Exports were redirected through limited alternative routes via neighbouring countries.
Officials said the reopening of the Strait of Hormuz has begun easing pressure on export flows. Iraqi Oil Minister Bassem Khodeir said shipments would recover gradually as transport routes stabilise. The developments follow a recent US-Iran agreement aimed at reducing regional tensions.
Oil remains Iraq’s primary source of revenue, accounting for nearly 90 percent of state income. Analysts say a full recovery in production would help ease fiscal pressure and support broader economic stability in the country.