Iraq plans to raise its daily oil production to 4.22 million barrels per day (bpd) in September. This move reflects Iraq’s oil output strategy and comes after an agreement with other OPEC+ producers. The decision supports Iraq’s long-term production goals and aims to strengthen its role in the global oil market.
OPEC+ producers, including Saudi Arabia, Russia, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, will all adjust production levels. In total, the group will raise output by 547,000 bpd compared to August. This collective adjustment shows that major oil-producing nations see signs of strong global demand.
The increase aligns with a decision made earlier to gradually restore 2.2 million bpd of voluntary cuts. These adjustments began in April and are meant to support price stability while meeting energy demand. For Iraq, the step is part of a clear plan to expand production without risking market balance.
Officials in Iraq continue working on a broader five-year plan to improve oil and gas capacity. Deputy Oil Minister for Extraction Affairs, Basim Khudair, recently stated that Iraq targets over six million bpd by 2028 or 2029. This goal highlights Iraq’s oil output strategy and its importance to national development.
Looking back, Iraq’s oil production reached over 4.78 million bpd in 2019. However, output has declined in recent years. By 2023, the country was producing about 4.4 million bpd. This fall pushed the government to take new steps and invest in boosting oil flow.
The September production target will help Iraq regain momentum and restore growth in the sector. Iraqi authorities believe the country’s energy sector must grow steadily to support economic goals. Higher production levels can also attract foreign investment and strengthen national revenue.
Furthermore, Iraq’s rising oil output supports the global energy supply. As other countries also increase production, OPEC+ aims to respond to growing demand without driving prices too high. Iraq’s commitment shows confidence in both market recovery and the country’s ability to meet future needs.
In the months ahead, Iraq is expected to review its progress and make further adjustments. Every decision will focus on balance, growth, and long-term planning. This reflects how serious Iraq is about Iraq’s oil output strategy and its regional leadership in oil production.