Iraq's current oil production capacity stands at 5.4 million barrels per day (bpd) and it aims to boost this figure, Oil Minister Hayan Abdel-Ghani told UAE state news agency WAM on Thursday.

"Iraq aspires through promising plans to raise production capacity to 6 million barrels per day, through licensing contracts concluded with companies in the coming phase," Abdel-Ghani said on the sidelines of an Organization of the Petroleum Exporting Countries (OPEC) seminar in Vienna.

Iraq's current output stands at 4.43 million bpd, Abdel-Ghani said.

(Reporting by Nayera Abdallah; editing by Jason Neely)