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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 25 Jun 2026 16:20:46 +0500</pubDate>
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      <title>Iraq warns it may consider OPEC exit if quota not raised</title>
      <link>https://english.aaj.tv/news/330460988/iraq-warns-it-may-consider-opec-exit-if-quota-not-raised</link>
      <description>&lt;p&gt;&lt;strong&gt;Iraq will be compelled to consider all available options if ​its OPEC quota is not significantly increased, ‌a senior Iraqi oil ministry official told Reuters on Thursday.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Separate sources told Reuters Iraqi officials ​had considered leaving OPEC, but the ​current plan was to remain a ⁠member and seek a higher quota.&lt;/p&gt;
&lt;p&gt;The prospect ​of Iraq considering an exit from OPEC ​would be a further blow to the group after the departure of the United Arab Emirates ​this year.&lt;/p&gt;
&lt;p&gt;Iraq is one of five ​founding members and the group was formed in the ‌Iraqi ⁠capital.&lt;/p&gt;
&lt;p&gt;OPEC did not immediately respond to a request for comment.&lt;/p&gt;
&lt;p&gt;Iraq is enduring a critical financial crisis on the back of ​the Iran ​war, and ⁠a significant increase in its OPEC quota is a must ​and should be treated with utmost ​seriousness, ⁠the Iraqi official source told Reuters.&lt;/p&gt;
&lt;p&gt;OPEC+ is comprised of the Organisation of the Petroleum Exporting ⁠Countries ​and allied producers, including ​Russia.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Iraq will be compelled to consider all available options if ​its OPEC quota is not significantly increased, ‌a senior Iraqi oil ministry official told Reuters on Thursday.</strong></p>
<p>Separate sources told Reuters Iraqi officials ​had considered leaving OPEC, but the ​current plan was to remain a ⁠member and seek a higher quota.</p>
<p>The prospect ​of Iraq considering an exit from OPEC ​would be a further blow to the group after the departure of the United Arab Emirates ​this year.</p>
<p>Iraq is one of five ​founding members and the group was formed in the ‌Iraqi ⁠capital.</p>
<p>OPEC did not immediately respond to a request for comment.</p>
<p>Iraq is enduring a critical financial crisis on the back of ​the Iran ​war, and ⁠a significant increase in its OPEC quota is a must ​and should be treated with utmost ​seriousness, ⁠the Iraqi official source told Reuters.</p>
<p>OPEC+ is comprised of the Organisation of the Petroleum Exporting ⁠Countries ​and allied producers, including ​Russia.</p>
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      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330460988</guid>
      <pubDate>Thu, 25 Jun 2026 12:59:45 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>A drone view shows the Rumaila oil field in Basra, Iraq. -- Reuters</media:title>
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