Iraq’s Ministry of Oil has announced that OPEC and its allied nations have commenced the gradual restoration of Iraqi oil production quota. This adjustment focuses primarily on the voluntary cuts previously established, serving as a strategic move to enhance the nation’s petroleum export capacity over the coming months.
Government Reaffirms Commitment to OPEC Production Levels
Ministry spokesperson Salim al-Rikabi officially dismissed recent reports suggesting that the government had considered withdrawing from the organization. He clarified that Iraq remains fully committed to the group’s framework while simultaneously advocating for a review of OPEC production levels. The government is seeking a reassessment that accurately reflects the specific economic and security circumstances of its member states.
In response to these requests, the organization has initiated a comprehensive assessment of the sustainable crude oil output capacity of its members. This technical evaluation is being conducted in collaboration with an independent international consulting firm. Al-Rikabi confirmed that the Iraq is actively participating in this process, adhering to the established professional timetable to ensure fair representation within the global energy market.
Technical Evaluations and Petroleum Export Capacity
The ministry emphasized that future discussions regarding output ceilings will remain grounded in technical consensus. The gradual restoration of Iraq oil production quota is expected to provide the necessary support for the country to reach its target production levels. Al-Rikabi noted that the organization has acknowledged the exceptional challenges Iraq has faced over the last forty years, including infrastructure damage resulting from security conflicts and external attacks.
These considerations are central to the country’s efforts to reclaim its status as the second-largest producer within OPEC. Strengthening the oil industry remains a priority for Iraq, as the sector serves as the primary revenue source for national development. While the current quota for July 2026 is set at 4.378 million barrels per day, actual crude oil output has recently been impacted by logistical disruptions related to the Strait of Hormuz crisis.
