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Iraq plans to increase oil output to 8–10 million barrels per day within six years

Iraq
First seen: Aug 23, 2026, 9:16 PM UTCUpdated: Aug 23, 2026, 9:16 PM UTC

Iraq's prime minister said the country plans to raise oil production to between 8 million and 10 million barrels per day over six years. The proposal represents a potentially major change in global oil supply.

A large increase in Iraqi production could affect global crude prices, exporters and energy markets.

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