Iraq's New Oil Policy: A step toward an OPEC+ exit?

13 July 2026

In-DepthReport

Summary

Iraq has announced plans to increase its crude oil production capacity to 7 million barrels per day

(bpd) over the next three years while seeking a larger production quota within OPEC+, reflecting Baghdad's broader ambitions to reshape its role in regional and international energy markets.

Unlock the following in-depth report to explore:

Iraq's oil production strategy
Investment reforms
Engagement with international oil companies (IOCs)
Baghdad's future vision for OPEC+

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Iraq's New Oil Policy: A step toward an OPEC+ exit?

Summary

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