
Iraqi Prime Minister Ali Faleh al-Zaidi renewed his country's quest to raise oil production to 10 million barrels per day by 2030, while Gabon seeks to revive a minerals project, and Anthropic is investing $3.4 billion in power generators for its data centers.
AI-generated summary
Iraq is seeking to raise oil production as part of development plans, while Gabon is trying to revive a faltering mining project.
On Sunday, Iraqi Prime Minister Ali Faleh al-Zaidi renewed the government’s endeavor to raise the rate of crude oil production to 10 million barrels per day by 2030.
An Iraqi government statement quoted Al-Zaidi as saying, during his visit to Anbar Governorate and his meeting with his senior aides, that this would contribute to strengthening the national economy and supporting the wheel of development in Iraq.
The Iraqi Oil Minister, Bassem Muhammad Khudair, announced, on Saturday, that Iraqi crude oil production rates exceeded 5 million barrels per day, and that Iraq has a maximum sustainable production capacity that far exceeds the production ceiling currently set for it within the agreements of the Petroleum Exporting Countries (OPEC).
The Ministry of Oil is working to implement plans in cooperation with major American and foreign companies to develop oil fields and increase production capacities in the coming years.
Al-Zaidi called for sending invitations to international companies specialized in phosphate and glass to invest in this important sector, maximize the benefit of national wealth, and support the economy.
Gabon is seeking to revive the "Maboni" project for niobium and rare metals, which has been stalled for a long time, through a proposed development project worth two billion dollars, which includes the "New Energy Metals" company supported by the UAE, and the Chinese "Envy" engineering group.
New Energy Metals and its subsidiary, Dusk Gabon, presented a technical study for the project to President Brice Cloutier Oligy Nguema during his visit to Beijing last week, according to a statement published on the presidential page on the Facebook platform.
If the project is approved, it is expected to provide more than 2,500 direct job opportunities and include processing facilities in the Central African country. Construction work is scheduled to begin in 2027.
It is noteworthy that the “Maboni” project, which is located about 200 kilometers southeast of Libreville; The capital of Gabon, it has been under exploration for years, but has not reached the stage of commercial production.
The Financial Times reported in a report on Sunday that Anthropic, a startup in the field of artificial intelligence, had concluded a deal worth about $3.4 billion to provide gas-powered power generators for its data centers.
The report stated that in late September, the company obtained commitments to supply high-capacity power generators with a total of 1.7 gigawatts from One Power Solutions, an equipment supplier headquartered in San Antonio, Texas.
The report added, citing an informed source, that “Anthropic” did not acquire the “One Power Solutions” company itself, nor did any of the supplier’s employees move to the startup company, but the deal included providing the engineering and construction capabilities necessary to install these generators.
Strong demand for Anthropic's Cloud AI models has prompted the company to seek additional computing and energy capabilities.
Reuters reported last September that Anthropic expects to spend more than $500 billion over the next 10 years to create artificial intelligence infrastructure.
AI outlook — possibilities, not facts
Construction work on the Maboni project in Gabon will begin in 2027.
Possible · Within years

The news highlights Gabon's efforts to revive the Maboni mining project, a huge energy deal for Anthropic to support its data centres, in addition to the decline of the Saudi TASI index in Sunday's session with mixed stock performance.

Anthropic concluded a $3.4 billion deal to secure energy for its data centers, while the Saudi TASI index witnessed a decline of 0.8%, with foreign direct investment flows continuing to grow in the Kingdom and Riyadh taking the lead in investment activity.

Anthropic concluded a $3.4 billion deal to secure energy for its data centers, while the TASI index witnessed a decline of 0.8%, as Riyadh continues to lead investment activity in the Kingdom and the growth of foreign direct investment flows.

Anthropic concluded a $3.4 billion deal to secure energy for its data centers, while the TASI index witnessed a decline of 0.8% in Sunday’s session, as Riyadh continues to strengthen its position as a major investment center in the Kingdom.

Riyadh leads the Saudi investment scene with 50% of total investments, coinciding with the signing of the Gulf Cooperation Council countries’ railway project agreement to connect the six countries by December 2030, in order to enhance logistical integration and confront supply chain challenges.

The Suez Canal Authority announced the return of the Evergreen shipping line to transit again with the transit of the Ever Eon container ship, after an interruption of about 3 years due to the Red Sea crisis, in a positive indicator of the recovery of global trade movement.