Iraq Refutes OPEC Exit Rumors, Advocates for Increased Production Quota

AI-generated NewsSnap summary based on source reporting.
Published: 2026-06-25
Category: finance
Source: Argus Media
Original source

Iraq's oil ministry has officially dismissed claims that the nation is contemplating withdrawal from OPEC. While denying an exit, Baghdad reaffirmed its intention to push for a review of its production limits within the OPEC+ group. This move aims to align quotas more closely with Iraq's actual output capacity and economic needs.

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