Iraq's Efforts to Boost Oil Production Face International Challenges and Conflict with OPEC Policies

mniraq - International economic reports revealed significant obstacles facing Iraqi efforts aimed at increasing the country's oil exports to reach a ceiling of 10 million barrels per day. The reports clarified that these aspirations clash with the policies of the OPEC organization and the assessments of foreign consulting firms contracted by the organization to study requests for production increases by member states. Sources indicated that Iraq, whose economy relies almost entirely on oil revenues, has been severely impacted by recent geopolitical tensions and the disruption of shipping lanes. This puts the country on a strenuous quest to raise its export quota to overcome crises, a situation that may lead to complex negotiations within the organization in the future.