Iraq plans to increase its oil production capacity by around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters.
Iraq’s current crude production capacity is close to 5 million barrels per day, but it produced 4.651 mln bpd in October, according to SOMO. This is in line with its production quota under the OPEC+ agreement.
Source: Reuters (Reporting by Rowena Edwards; editing by Diane Craft)