Iraq denies OPEC withdrawal claim

Iraq denied the validity of reports suggesting Baghdad's intention to withdraw from OPEC, and the Ministry of Oil affirmed that the government remains committed to working within the organization. It clarified that Iraq's stance is part of a reassessment of production quotas to align with its economic and production capacities. Any requests to increase quotas are discussed through technical and consensual mechanisms among member countries. This came after statements by the Iraqi Prime Minister calling for an increase in Iraq's share to match its capabilities and population size.

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