UAE to withdraw from OPEC to focus on ‘national interests’

The decision comes following a “comprehensive review” of the country’s production policy, and its current and future capacity,“ particularly given the ongoing near-term geopolitical volatility stemming from disruptions in the Arabian Gulf and the Strait of Hormuz, which are impacting supply dynamics,” the Emirati energy ministry said. 

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Iraq to raise oil output by 26,000 bpd as OPEC+ states agree April increase

Iraq will increase its oil production by 26,000 barrels per day in April as part of a wider OPEC+ decision by eight countries to raise output by a combined 206,000 barrels per day.

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Iraq eyes increase in OPEC quota to boost revenues, says advisor

Mazhar Mohammed Saleh, financial advisor to Prime Minister Mohammed Shia’ al-Sudani, stated that Baghdad is seeking a “gradual and limited” increase in oil production, in a manner that does not pose a threat to the oil market within the OPEC framework.

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OPEC+ oil production boost does not mean increased exports: Economist

Eight OPEC+ countries have agreed to increase oil production by 137,000 barrels per day starting in October. Iraq will add 17,000 barrels, but experts say the move will not raise exports or revenues.

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Baghdad Energy Forum sees Iraq announce plans to revive oil exports via Syria pipeline

Iraqi Prime Minister Mohammed Shia’ al-Sudani said his government is holding talks to restart oil exports through Syria and extend the Basra-Haditha pipeline, while Oil Minister Hayan Abdul Ghani outlined plans to cut emissions and boost Iraq’s role as a global energy hub.

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The biggest threat to Iraq's future: A drop in oil prices

In simple terms, Iraq exports roughly 3.2 to 3.4 million barrels per day; a drop in oil prices of only one dollar per barrel would lose Iraq between 3.2 and 3.4 million dollars per day.

Peshraw Mirany

Opinion

Iraq plans to increase oil production to 6 million bpd by 2029: ministry 

“The ministry seeks to increase oil and gas production capacities within a clearly defined five-year plan, targeting a ceiling exceeding six million barrels per day between 2028 and 2029."

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With resumption of Kurdish oil exports in sight, Baghdad affirms Iraq’s OPEC compliance

Iraq reaffirmed its commitment to the OPEC+ decisions during a joint phone call between Iraq’s Oil Minister Hayyan Abdul Ghani, Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia, Alexander Novak, Deputy Prime Minister of Russia, and Haitham Al-Ghais, Secretary General of OPEC.

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Iraq faces economic strain as OPEC+ maintains oil production cuts

Iraq remains bound by OPEC+ production limits, preventing it from increasing oil output despite its economic dependence on crude exports. While the country aims to boost growth, strict production caps have reduced its ability to capitalize on global demand. With production disruptions from a fire at Rumaila field and upcoming OPEC+ talks in April, Iraq rejects further cuts but struggles to influence the alliance's policies.

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