Asim Jihad said on Feb. 23 that Iraq expects to export more than 2.6 million barrels a day by the end of 2012. The third- largest producer in the Organization of Petroleum Exporting Countries plans to increase daily oil production to 3.4 million barrels a day by the end of the year, up from about 3 million barrels in 2011.
Iraq plans to raise oil production to 4 million barrels per day in 2013. This will likely mean oil exports of about 3.1 million barrels per day. Iraq will negotiate with OPEC to decide on the quota when production reaches 4 million.
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