Iraq intends to increase oil production to 8 million barrels per day by 2027

Ikhsan Abd al-Jabbar, Iraqi Oil Minister, made the statement. "Iraq is working to expand its capacity to proliferate oil production, there are major oil production projects. By the end of 2027, we will have produced 8 million barrels of oil per day," the minister told INA.

Iraq will boost its daily oil production to 4.58 million barrels in July, 2022. In May, the country earned a record revenue from black gold sales, selling $ 11.4 billion US worth of oil to international markets.