According to people familiar with the matter, Iraq is seeking a drastic increase in its oil production quota while the Organization of Petroleum Exporting Countries and its allies are evaluating the production capacity of each member country and determining the maximum oil extraction limits for each country next year. Sources, who did not wish to be named, said that as the organization's second-largest oil producer, Iraq hopes that the future production target will be based on 6 million barrels per day, which is a significant increase from the current benchmark level. The relevant process is still confidential, and the Iraqi Ministry of Petroleum has yet to respond to requests for comment.

According to people familiar with the matter, Iraq is seeking a drastic increase in its oil production quota while the Organization of Petroleum Exporting Countries and its allies are evaluating the production capacity of each member country and determining the maximum oil extraction limits for each country next year. Sources, who did not wish to be named, said that as the organization's second-largest oil producer, Iraq hopes that the future production target will be based on 6 million barrels per day, which is a significant increase from the current benchmark level. The relevant process is still confidential, and the Iraqi Ministry of Petroleum has yet to respond to requests for comment.