Iraq's new oil minister has pledged to boost the country's oil output significantly over the next several years.

Ihsan Ismaeel, who was serving as head of state-run Basra Oil Company when he was chosen to head the Oil Ministry in June, has his work cut out for him.

Iraq is flaring more than 50%, or around 3 billion cubic feet per day, of the associated gas it pumps from the giant fields in Basra.

Lack of investment and bureaucracy have long hobbled Iraq’s ability to make full use of the associated gas, leaving it with no option but to rely on Iran to keep its power sector afloat.