IRAQ'S OIL PRODUCTION: 6.5 MBD
PLATTS - Iraq has adjusted its crude oil production capacity target and is now aiming to achieve 6.5 million b/d by 2022, oil minister Jabbar al-Luaibi said Monday.
Iraq's Cabinet on Sunday approved a five-year plan calling for the country to boost its nationwide oil production capacity to 6.5 million b/d by 2022, up from 5 million b/d currently.
Iraq is technically supposed to restrict actual production to 4.35 million b/d, under OPEC's output restraint deal agreed in late-2016,…
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