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Iraq targets 6M bpd oil share

Iraq targets 6M bpd oil share

Iraq is aiming to increase its oil production share to around 6 million barrels per day, in response to the review by OPEC and its allies of the member countries' capacities, with the goal of setting production levels for the upcoming year. This move is part of an assessment of production capabilities, as Iraq aspires to base its target on the fundamental level of 6 million barrels per day, representing a significant increase compared to its recent production levels. This step is part of the process of evaluating and determining production quotas within the OPEC+ alliance.

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