Iraq targets 8-10 million bpd oil production capacity by 2032

Iraqi Prime Minister Ali al-Zaidi announced a strategic plan to significantly expand national oil production capacity to 8-10 million barrels per day within six years. The move occurs amid shifting regional power dynamics as the U.S. seeks to leverage Iraqi energy output to counter influence from Russia, China, and Iran. It remains uncertain whether Iraq possesses the necessary infrastructure and foreign investment stability to achieve these ambitious production targets.