Iraq has formally asked OPEC+ to raise its production quota baseline to 6 million barrels per day, about 1.57 million bpd above its current quota of around 4.431 million bpd. The request, made on Sept. 9, 2026, is being considered during an independent audit of members’ sustainable production capacity, expected to conclude by the end of September, with ministerial ratification of revised quotas anticipated in November. Iraq’s August production ranged from 2.98 million to 3.37 million bpd, while the International Energy Agency estimates sustainable capacity at about 4.9 million bpd. Baghdad has also outlined longer-term targets of 7 million bpd in the near term and 8 million to 10 million bpd by 2030, supported by investment partnerships involving BP, TotalEnergies, ExxonMobil and Chevron. The outcome could affect Iraq’s investment plans, OPEC+ supply calculations and crude exports, which have been disrupted by restrictions around the Strait of Hormuz.