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OPEC again excludes Iraq from oil quotas

Posted on 01 August 2013

The Iraqi Ministry of Oil affirmed that Baghdad’s share in oil production will not be part of the OPEC specified quotas for 2014. The ministry said it was likely for Iraq to reach the required export rate in the next year.
Iraq is one of the founders of OPEC, an organization that brings together 12 oil exporting countries. Iraq’s production quota — which was 3.8 million barrels a day — was suspended during the invasion of Kuwait as part of imposed international sanctions………………………………………..Full Article: Source


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