News & Macrohigh confidence
Iraq will not leave OPEC but seeks fair output quota, PM says
Awani International · September 8, 2026 · Week 2026-37
Summary
Iraq's Prime Minister affirmed the country will remain in OPEC but is pushing for a revision of its production quota to what it considers a 'fair' level. This statement underscores the internal pressure within the OPEC+ group, as Baghdad seeks higher oil revenues to fund its national budget and reconstruction efforts, potentially challenging future group-wide production agreements.
Strategic Implication
Signals potential friction in upcoming OPEC+ negotiations as Iraq may advocate for a higher baseline, challenging group cohesion on production cuts.