Iraq urges Opec to raise its quota

Iraq urges Opec to raise its quota Iraq has urged Opec to increase its oil production quota considering the country's history of conflicts and the recent war that have damaged its industry, the oil ministry said Thursday. Like other oil producers, Iraq, a founding member of Opec, was greatly affected by the US-Israeli war on Iran, as it is hugely dependent on oil exports, which make up about 90 percent of its budget revenues. Iraq's oil ministry said that the country "has consistently emphasised the importance of r