Iraqi PM Sudani sets 2030 target of 10 million barrels per day in oil output

BAGHDAD, Iraq — Iraqi Prime Minister Mohammed Shia' al-Sudani said on Tuesday that Iraq needs to raise its oil production capacity to 10 million barrels per day by 2030 to meet rising domestic energy demand and strengthen its position in global markets. Speaking at a meeting in Baghdad, Sudani said current output levels were insufficient and called for accelerated investment in the sector. The prime minister urged the development of new exploration areas and improved efficiency at existing fields, and stressed the importance of cooperation with foreign companies to reach the target. He did not outline specific timelines or contractual frameworks for the proposed expansion. According to Iraqi Ministry of Energy data, Iraq currently produces around 4 million barrels of oil per day, making it one of the largest producers within OPEC. Sudani's remarks are part of a broader government strategy to lift oil revenues and expand the country's role in international energy markets. No further details on investment plans or partnerships were immediately available.