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The data indicates that Iraq is aiming to increase its oil production to 5 million barrels per day by 2027, compared to the current 4.5 million barrels. The initial target is to reach 4 million barrels by the end of 2023. Investments of $56 billion have been allocated for developing oil fields and achieving these goals. It is also expected that the country will produce approximately 4.6 million barrels daily by the end of 2026, according to a statistical report on the oil sector.
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