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Iraq Threatens to Withdraw from OPEC and Demands Increase in Its Production Quota

June 25, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Iraq Threatens to Withdraw from OPEC and Demands Increase in Its Production Quota

Iraq has hinted at the possibility of considering withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) if its production quota is not increased. Bloomberg News reported that the spokesperson for the Iraqi Ministry of Oil, Salim Al-Rakabi, stated that Baghdad does not currently intend to leave the organization and is committed to working within its frameworks and mechanisms, but he also indicated that the ministry is moving forward with plans to increase production in line with its capabilities and self-needs. Read the full content on Echourouk Online.

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