Iraq oil minister Basim Mohammed told the state news agency on Saturday the
The country’s crude production has surpassed 5.0 mln bpd. Citing economic shock from
the Iran war and increased investment by international oil majors, Iraq is
seeking a higher OPEC quota. The conflict forced large cuts to Iraqi oil exports
and pushed government oil revenue sharply lower; oil made up 88% of government
revenue last year versus about 55% in Saudi Arabia.