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Baghdad / follow-up the obelisk: newspaper (Financial Times) British that Iraq has recovered in a short time in oil production in recent years, and therefore appeared cases of pressure on the Iraqi government to return to the system of production quotas.
The British newspaper, in a report on its website reported that Iraq may start for the first time his readiness to return to the system of production quotas in OPEC shift in policy, according to which it will reduce the oversupply and low prices in the world oil markets.
It is expected to be Iraq, which is produced from oil recovered quickly after the events of 2003, one of the biggest deals that put the oil in the world oil market over the next decade.
Some analysts have raised the possibility of over-supply, with the increase in North American production of oil because oil shale gas revolution, unless controlled OPEC oil production in the world.
The newspaper said that Iraq is still Baraly that the rest of the members of the OPEC oil producer, which accounts for one-third of the world's production of oil production, it has to accommodate its growth.
The newspaper quoted Deputy Energy Minister Hussain al-Shahristani as saying that his country paves the way for a return to the quota system, and it will discuss the issue when it reaches its production to five million barrels, adding, "We have prepared a proposal for calculating quotas members of the organization and the criteria that will be used for that, and we are sure that OPEC members will have Aqtraanhm own. "
It is worth mentioning that OPEC produces 30 million barrels per day of crude oil and every country has its share of agreed, however, this information is not disclosed to the public, have excluded Iraq from these quotas for several years as a result of the repercussions of sanctions and war on the oil industry in the country.
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