| Iraq will ask to rejoin OPEC’s quota system for crude output in 2014 as the holder of the world’s fifth-largest oil reserves boosts production from an average of 2.9 million barrels a day.
The country aims to increase output to 3.4 million barrels a day next year and 4.5 million barrels a day in 2013, Falah al- Amri, director of the State Oil Marketing Organization, said today. Iraq is exporting an average of 2.2 million barrels a day this month and earning an average price of $104 a barrel, he said in an interview in the southern city of Basra...............................................Full Article: Source
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