Baghdad. Iraq will consider all available options if its OPEC quota is not significantly increased and has weighed leaving the producer group, sources with knowledge of Iraqi oil policy told Reuters.
The prospect of OPEC's second-largest producer considering an exit would be a further blow to the group after the departure this year of the United Arab Emirates. Iraq is one of the five founding members of OPEC, which was formed in the Iraqi capital.
Iraq is suffering a financial crisis as a result of the Iran war and a significant rise in its OPEC quota should be treated seriously, a senior Iraqi oil ministry official told Reuters.
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