Iraq’s current oil production capacity is 5 mil b/d Minister previously said the target was 7 mil b/d capacity by 2027 Iraq’s OPEC+ quota is rising as coalition easing cuts Iraq wants to boost its oil production to 8 million b/ by 2027, the country’s oil minister told state-run Iraqi News Agency on Aug. 10, as OPEC’s second-biggest producer targets a higher output level than previous plans. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Ihsan Ismaael didn’t disclose to INA any other details about the ministry’s plan. Iraq has a current oil production capacity of around 5 million b/d. Ismaael has previously said there are plans to target an oil production capacity of 7 million b/d by 2027. Iraq’s total oil production, including flows from the semi-autonomous Kurdistan region, rose 0.6% in July from a month earlier, State Oil Marketing Organization […]