Iraq has sent a delegation to Saudi Arabia seeking a higher output quota from OPEC as the country plans to raise its ​oil production to between 8 million and 10 million barrels per day in ‌the next six years, its prime minister said on Friday.
Prime Minister Ali al-Zaidi, speaking at the Baghdad Dialog policy conference, said he sent a delegation on Friday headed by Iraq’s ministers of oil ​and finance to Saudi Arabia, OPEC’s de facto leader, to discuss raising Iraq’s ​OPEC quota.

Iraq produced around 4 million barrels of oil per day before the ⁠outbreak of the Iran war.
It has been among the countries most affected by the ​effective closure of the Strait of Hormuz by Iran. The blockade followed U.S.-Israeli attacks on ​Iran on February 28 that led to a regional conflict that engulfed several countries in the region.
OPEC+ has appointed Texas-based DeGolyer and MacNaughton to independently assess the maximum sustainable capacities of most of the producer ​group’s members, including Iraq. The consultancy is expected to present its findings to the OPEC ​Secretariat at the end of September, after which discussions will begin on new production baselines for use ‌from ⁠2027. Baseline talks are often contentious because higher baselines generally translate into larger production allowances, giving countries an incentive to push for higher baseline levels
Source: Reuters