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Iraq Seeks 6M Barrel OPEC Baseline as Output Hits 3.37M BPD
IndexBox · September 11, 2026 · Week 2026-37
Summary
Iraq is lobbying within OPEC to establish a new production baseline of 6 million barrels per day (bpd), a significant increase from its current output of 3.37 million bpd. This move signals Baghdad's long-term ambition to substantially expand its production capacity and its market share within the producer group.
Strategic Implication
This signals Iraq's intent to challenge the established OPEC+ production hierarchy and secure a larger market share, potentially creating future tensions over quota allocations.