Iraq Seeks OPEC Approval to Double Oil Output to 8–10 Million Barrels Per Day

Source Summary

Iraq aims to increase oil production to between 8 million and 10 million barrels per day within six years, up from approximately 4 million bpd, according to Prime Minister Ali al-Zaidi. To achieve this, Iraq is seeking a higher OPEC production quota and has sent its oil and finance ministers to Saudi Arabia to present its case. OPEC+ has engaged DeGolyer and MacNaughton to independently assess the maximum sustainable production capacity of most members, including Iraq.