What is Iraq's official position on potentially leaving OPEC, according to its Oil Ministry?

Iraq's Oil Ministry explicitly stated that reports suggesting Baghdad was considering ending its membership in OPEC 'did not reflect the Iraqi government's official position,' and clarified that Prime Minister Ali Faleh al-Zaidi had not discussed the possibility of Iraq leaving OPEC.

Why is Iraq seeking a review of its OPEC production quota, and what recent development supports this request?

Iraq is seeking a reassessment of OPEC production quotas to better reflect member states' economic and security circumstances, including its own; the Oil Ministry said OPEC has begun gradually restoring Iraq's pre-war production allocations, a move intended to strengthen its output capacity and support recovery of its oil sector.

Iraq seeks quota review as OPEC restores output allocations

Jun 26, 2026

Iraq's Oil Ministry stated OPEC is restoring pre-war production allocations while Baghdad seeks a quota review. Officials denied exit rumors despite export disruptions impacting the nation's oil-dependent economy.

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Iraq seeks quota review as OPEC restores output allocations

FAQ