Iraq signs $80M in oil export surveys to boost output and mitigate disaster

Iraq has signed contracts worth an estimated $80 million to repair fragile oil export infrastructure in the south and ready it for expansion.

The Oil Ministry wants to raise oil production from 2.37 million barrels per day to 6 million bpd in 10 years. It's currently exporting 1.76 million bpd, and oil receipts account for nearly all state income.