Iraq mulls options over OPEC quota

The context focuses on Iraq's efforts to increase its quota within OPEC and the risks of withdrawal if it fails to do so, due to the financial crisis it faces resulting from the war with Iran and declining oil prices. Iraq is aiming to boost its oil production to seven million barrels per day and is calling on OPEC and its allies to take serious action to increase its quota; otherwise, it will consider options including withdrawal from the organization.

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