Iraq, OPEC’s second-biggest oil producer before the Iran war, said it plans to increase its output capacity and is in talks with the group to raise production to 5 million barrels a day once the conflict is over.
The country is currently pumping just 1.4 million barrels a day due to the closure of the Strait of Hormuz and the knock-on impact on production facilities, incoming Oil Minister
Along with other Persian Gulf producers, Iraq has suffered considerable losses during the ...