Iraq Considers OPEC Production Options

Iraq is facing a severe financial crisis as a result of the Iran war and is seeking to increase its production quota within OPEC to boost public revenues. If its demands are not met, Iraqi officials are considering the option of withdrawing from the organization, although the current plan is focused on remaining and pursuing a larger share. The possibility of Iraq's withdrawal from OPEC would deal a blow to the organization, especially since it is one of its founding members, which raises particular sensitivity in the global oil market.

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