BAGHDAD: Iraq hopes fellow producers will reconsider its oil export quota to better reflect its production capacity, Prime Minister Mohammed Shia Al-Sudani said on Saturday, a day ahead of an OPEC+ meeting in a rare public comment by a senior Iraqi official.
Iraq, the group’s largest overproducer, is under pressure from the Organization of the Petroleum Exporting Countries to cut output to compensate for having produced more than its agreed volume.
It is among countries that submitted plans in April to make further oil output cuts to compensate for pumping above agreed quotas.
Iraq’s oil exports averaged 3.38 million barrels per day in August, according to the oil ministry. September average oil exports are expected to be between 3.4 million bpd and 3.45 million, the chief of the state oil company SOMO said on Saturday.
OPEC counts oil flows from Kurdistan as part of Iraq’s quota.
