22 Hrs
Source:
الاقتصادية
Iraqi PM Warns on OPEC Quota Options
Iraqi Prime Minister Ali al-Zaydi revealed that his country is considering all options if its quota in OPEC is not increased, including the possibility of suspending Iraq's membership if its ability to boost production is obstructed. Al-Zaydi emphasized a plan to raise oil production to 7 million barrels per day within the next three years, alongside the commencement of an energy and development project aimed at producing 500,000 barrels daily, with the potential to expand it to two million barrels, and a designated share to contribute to the US Strategic Petroleum Reserve. He clarified that Iraq does not intend to leave OPEC at this time but will reconsider if its demands are not met.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)