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Iraq seeks higher OPEC+ quota
Iraq is seeking to increase its production share within OPEC+ from 4.431 million barrels per day to 6 million barrels per day, relying on future targets based on an estimated production capacity of 6 million barrels per day, as part of the alliance's review of member countries' capabilities. Iraq faces technical challenges in achieving this target, as the International Energy Agency estimates its sustainable capacity at around 4.9 million barrels per day. This situation could cause tensions within the alliance, especially after its production declined to an average of 2.98 million barrels per day in August due to regional conflicts.
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