Oil prices increased, reaching their highest level in almost two months, further intensified by rising gasoline demand and a fall in US crude stocks.
Iraq plans to construct 100 berths as part of its Grand Faw Port project, transforming the country into a major transshipment hub.
Lebanon received the first gasoil cargo under a fuel supply agreement with Iraq in July.
OPEC and its allies will try to keep oil prices at $70 per barrel in the first quarter of 2022.
United State's Baker Hughes has agreed to develop a project in Iraq for recovering 200 million ft3/d of flared gas for power generation.