The oil industry operates through contracts among the governments and multi-national corporations. It involves different types of agreements such as serving contracts and production sharing contracts. In this regard, Iraq is a significant player within the oil market. Due to the concerns of sovereignty, it utilizes the contracts of technical services. There is an increasing concern towards exploring different structures of contract through which the production of oil can be optimized. Despite of the economic challenges and fluctuations in the prices of oil, Iraq intends to enhance its industrial prospects and economic resilience through the diversification in investment and strategic planning. For this purpose, the present research seeks to develop a comprehensive model to increase the production of oil and its export in Iraq. In this regard, it seeks to benefit both the businesses and governments while addressing the evolving requirements of energy markets. For conducting this research, a secondary quantitative research design was implemented in the study. Autoregressive distributed lag approach was implemented to analyze the influence of oil production, exports and political stability on the oil real GDP growth in Iraq. Results revealed that each unit increase in the level of oil exports results in a significant increase in the real GDP growth of oil. Therefore, the results highlight a significant role of oil exports in increasing the GDP of country like Iraq.  The study enriches the existing literature regarding GDP growth of Iraq. Practically, this research offers valuable insights regarding the practices and strategies of oil exports in Iraq to attain optimal outcomes. Research limitations and future indications have also been explained in the last section.