Oil: Prime Minister did not call for Iraq's OPEC exit

The Iraqi Ministry of Oil clarified that statements regarding Iraq's intention to withdraw from OPEC do not reflect the official stance of the government. It emphasized that Iraq is focusing on reassessing its production quotas within the framework of the organization. The ministry also noted that member countries are currently coordinating efforts to readjust their production capacities, with a gradual return of reduced volumes to increase Iraq's production ceiling, aiming to restore its position as the second-largest oil producer within the organization.

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