The Iraqi News Agency quoted the representative of Iraq in the Organization of Petroleum Exporting Countries, Muhammad Saadoun, as saying today, Saturday, that the organization agreed to increase the country's oil production to 4.5 million barrels per day, starting from June.
Saadoun added that there is another increase during the months of July, August and September by 50 thousand barrels per day for each month.
Data from the Iraqi Oil Marketing Company (SOMO) showed on May 11 that Iraq produced 4.43 million barrels per day of crude oil in April, which is 16,000 barrels per day higher than its quota under the OPEC + agreement for that month.
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