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Iraq plans to restore crude oil output to pre-crisis levels

June 21, 20268:55 AM Reuters0 Comments

Iraq plans to restore crude oil production gradually to the between 4.2 million and 4.3 million barrels per day, Iraq’s deputy oil minister for upstream affairs said in a statement on Sunday.

The proposed increases would restore output to levels achieved before the Iran war and resulting closure of the Strait of Hormuz.

(Reporting by Ahmed Rasheed Writing by Ahmed Tolba in Cairo Editing by David Goodman)

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