Iraq Demands OPEC Raise Export Quotas
Oil minister reaffirms Iraq's commitment to export caps despite exceeding production limits
Translated by Alqyas from Al-Nahar — Original source
Iraqi Oil Minister Basim Muhammad Khudayr confirmed that Iraq produces more than 5 million barrels per day, while noting that the Ministry of Oil is committed to the daily export ceiling imposed by OPEC, which stands at 4.33 million barrels. The oil minister stated, “There is a difference between production capacity and export capacity for Iraq.” Khudayr added that “OPEC has set Iraq’s production capacity at around 4.33 million barrels per day, while current production exceeds 5 million barrels, and the Ministry of Oil is committed to the export ceiling determined by OPEC,” according to the Iraqi News Agency.
