Pakistan, June 20 -- 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 t...