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29 de sept. de 2025 The BRICS bloc of emerging economies will not control 80% of world oil production after an expansion that was agreed upon in August 2025, contrary to posts on Iraq's oil minister said that the federal government has reservations about energy agreements signed by the semi-autonomous Kurdistan region, after Iraqi Kurdish Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day, according to the release of committee If handled as planned, Iraq could become the biggest producer of oil in the world overtaking Saudi Arabia by a slim margin. The development could boost Iraq’s economy Hace 2 días This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, constructing a 200,000-bpd high In its South Africa summit, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The bloc now represents 37% of global GDP

BRICS Summit, Iraq, and the Future of World Oil Production: Decoding the Headlines

Is Iraq poised to become the world\'s largest oil producer, and what role does the expanded BRICS alliance play in this shifting energy landscape? Recent news surrounding the BRICS summit and Iraq\'s oil ambitions has generated significant interest and, in some cases, misinformation. Let\'s break down the key developments and separate fact from fiction.

Iraq\'s Ambitious Oil Production Goals

Iraq\'s parliamentary oil and gas committee has ambitious plans. According to committee releases, they aim to increase the country\'s oil production to more than five million barrels per day. The long-term vision, if "handled as planned," is for Iraq to potentially become the biggest producer of oil in the world, overtaking Saudi Arabia, albeit by a slim margin. This development holds the potential to significantly boost Iraq’s economy.

Recent projects highlight this commitment. For example, there\'s a development project focused on increasing production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, including constructing a 200,000-bpd high.

BRICS Expansion: Impact on Global Oil Control

The expansion of the BRICS bloc, which occurred at the South Africa summit, has sparked considerable debate about its influence on global oil production. Six new members were invited: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. This expanded bloc now represents 37% of global GDP. However, claims circulating online stating that the BRICS bloc will control 80% of world oil production after the expansion agreed upon in August 2025 are inaccurate. While BRICS\' influence on the global economy and energy markets is undeniable, such figures are not substantiated.

Iraq-Kurdistan Energy Agreements: A Point of Contention

Internal political dynamics within Iraq also impact oil production. Iraq\'s oil minister has expressed reservations about energy agreements signed by the semi-autonomous Kurdistan region. The federal government in Baghdad has voiced concerns regarding the legality and transparency of these agreements, highlighting ongoing tensions surrounding resource management.

The Future of Oil: Iraq and the Global Stage

In summary, while Iraq has ambitious goals to increase its oil production and potentially become the world\'s largest producer, factors like infrastructure development, political stability, and relations with the Kurdistan region will play crucial roles. The expanded BRICS alliance, while not controlling 80% of global oil production, will undoubtedly play an increasingly significant role in shaping global energy policies and influencing market dynamics. The assertion that "29 de sept. de 2025 The BRICS bloc of emerging economies will not control 80% of world oil production after an expansion that was agreed upon in August 2025, contrary to posts on" further underscores the importance of verifying information from diverse sources.

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