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Iraq’s oil output will reach 4.580 million barrels per day as of July following an OPEC+ decision to increase production, an Iraqi Oil Ministry spokesperson said on Friday, according to the state news agency.
“Production increase will be at a rate of 70,000 bpd,” spokesman Aasem Jehad said, noting that the OPEC+ decision concerns production not exports.
OPEC+ said on Thursday it had agreed to boost output by 648,000 bpd in July – or 0.7% of global demand – and a similar amount in August versus the initial plan to add 432,000 bpd a month over three months until September.
