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Iraq eyes return to Opec quota system

Posted on 30 January 2014

Iraq has for the first time begun preparing for a return to the Opec (Organisation of the Petroleum Exporting Countries) production quota system, in a shift of policy that reduces the prospect of oversupply and lower prices in global oil markets.
Iraq, whose oil industry has recovered rapidly since the US-led invasion a decade ago, is expected to be one of the largest sources of supply growth in the oil market over the next decade………………………………………..Full Article: Source


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