Baghdad still wants to be a part of the agreement between OPEC states and allies led by Russia as the historic oil deal proved to be an effective tool in boosting the energy market crippled by the coronavirus pandemic.
Iraq did not ask for exemption from the accord, fearing that an increase in production might cause crude prices to tumble again, state-run newspaper Al-Sabah quoted Oil Minister Ihsan Abdul Jabbar as saying. The statement refutes previous reports that claimed that OPEC’s second largest oil producer, which has often been criticized for exceeding its output limits, wants to be free from OPEC quotas.
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