By the end of the year, Iraq plans to shatter the record-setting benchmarks it achieved in 2016 for both oil and gas production.Despite an OPEC agreement to limit global supply, Oil Minister Jabbar Ali al-Luiebi said Iraq will reach 5 million barrels per day (bpd) of oil in 2017, and capture 1.36 billion standard cubic feet per day (scf/d) of gas.Since taking the helm of the Oil Ministry seven months ago, Luiebi has made quick work in trying to streamline the bureaucracy and put an arra…