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Analysis-Iraq's push for bigger OPEC quota driven by revenue pressures, new oil investment
DUBAI, June 29 (Reuters) - An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher OPEC production quota, potentially placing it on a collision course with
Source excerpt retained from 2026-10-13.
Summary
DUBAI, June 29 (Reuters) - An economic crisis caused by the Iran war and a fresh surge of investment by oil majors are driving Iraq's aggressive push for a higher OPEC production quota, potentially placing it on a collision course with the producer bloc. The pressure from Baghdad adds to the challenges confronting the Organization of the Petroleum Exporting Countries, still reeling from the conflict's fallout and the shock departure of the United Arab Emirates after nearly 60 years as a member.
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