Iraq's stance on OPEC membership

The Iraqi Ministry of Oil announced that the rumors about the country's intention to withdraw from OPEC are false and do not reflect the official position of the government. It emphasized the importance of re-evaluating production quotas in line with the sustainable capacities of the member countries. Baghdad is currently examining its options if it does not receive a significant increase in its production share, while remaining in the organization and applying pressure to raise its production quota to meet financial and economic needs, due to the severe financial crisis the country is facing, which is a result of Iran's war.

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