Minister of Oil at the sixth Baghdad International Dialog Conference: The ministry has developed an ambitious plan to increase production

Iraqi Oil Minister Haiyan Abdul Ghani predicted on Saturday that the world's population will rise to 9.5 billion people in the middle of the current century, noting that this will increase the ceiling of oil production of the Organization of the Petroleum Exporting Countries to 116 million barrels per day.

And the oil minister said  Haiyan Abdul Ghani, in an interview with the "Sixth Baghdad Dialog Conference" organized by the Iraqi Institute for Dialog at the University of Baghdad,  "The state budget depends mainly on oil imports, and there is a major responsibility on the shoulders of the ministry to provide the main source for sustaining the Iraqi state budget."

And he added that "the ministry has set an ambitious plan to increase production, but we are key parts of OPEC and one of its founders, so we are committed to production ceilings."

And continued Abdul Ghani, "Iraq's production according to its share in the Organization of the Petroleum Exporting Countries is 4 million (barrels per day), and this comes to maintain the stability of global market prices and achieve a balance between supply and demand."

And that "studies indicate that during the middle of this century, crude oil production from OPEC will increase by 16%, as the organization now produces 100 million barrels, and the ceiling will rise to 116 million barrels per day," explaining that "the need comes within the framework of population growth in the world, which will rise from 8 billion to 9.5 billion people with an increase of one and a half billion people."