Iraqi Oil Minister Jabar al-Luaibi said oil prices are approaching stability, Reuters with reference to the al-Sabah state newspaper reported on Monday.
Iraq plans to raise oil production to more than 7.5 million barrels per day (bpd) by 2023-2024, including 6 million bpd of oil for exports and 1.5 million bpd for domestic consumption, Luaibi said.