Iraq seeks higher output quota but will stay in OPEC

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Iraq confirmed it will remain a member of OPEC while seeking a fairer output quota among member countries. Prime Minister Ali al-Zaidi emphasized Iraq's intent to maintain its position as a key producer alongside Saudi Arabia within the oil cartel.

Iraq will remain in OPEC while pursuing a fair output quota within the oil producer group, Iraqi Prime Minister Ali al-Zaidi said in an interview with Saudi-owned Al Arabiya TV, according to his office. The statement comes after a June Reuters report indicated that Iraq, OPEC’s second-largest producer after Saudi Arabia and one of its ...