Lates News

Iraqi Prime Minister Mustafa al-Kadhimi has called on OPEC to reconsider the country's oil export quotas, saying they do not reflect its reserve size. Al-Kadhimi said at an event in Baghdad that Iraq's proven reserves amount to 150 billion barrels "Our export quotas do not match our reserve size and production capacity." For a war-torn country like Iraq, export quotas are not enough to generate sufficient income." OPEC+ member countries are set to hold a video conference on Sunday to discuss production policies.