Iraq exceeded the oil output of 5 million barrels per day.
Iraq has already exceeded the daily oil production level of 5 million barrels, but met the export quota set for the Arab Republic by the Organization of the Petroleum Exporting Countries (OPEC). This was announced by Iraqi Oil Minister Bassem Muhammad Khodeer.
"Oil production in Iraq now amounts to more than 5 million barrels per day," the minister said, as quoted by INA. Khodir added that the Iraqi authorities "continue to adhere to the OPEC daily export limit of 4.33 million barrels."
The minister noted that Baghdad is conducting a dialogue with OPEC regarding increasing Iraq's export limit, "taking into account the special circumstances and difficulties the country has faced in the last five decades." According to Khodir, "Iraq deserves higher production quotas in order to generate financial revenues needed for infrastructure development and the implementation of government development programs."