Iraq will be compelled to consider all available options if its OPEC quota is not significantly increased, a senior Iraqi oil ministry official told Reuters on Thursday.
Iraq is enduring a critical financial crisis on the back of the Iran war and a significant increase in its OPEC quota is a must and should be treated with utmost seriousness, the source told Reuters.
Separately, sources said Iraqi officials had considered leaving OPEC, but the current plan is to remain a member and seek a higher quota.
Iraq will be compelled to consider all available options if its OPEC quota is not significantly increased, a senior Iraqi oil ministry official told Reuters on Thursday.
Iraq is enduring a critical financial crisis on the back of the Iran war and a significant increase in its OPEC quota is a must and should be treated with utmost seriousness, the source told Reuters.
Separately, sources said Iraqi officials had considered leaving OPEC, but the current plan is to remain a member and seek a higher quota.
8 p.m. recap: Israel again threatens Beirut’s south suburbs; 2 ships hit near Hormuz; Riyadh football matches canceled