Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country’s finance minister said, as OPEC’s second-largest oil producer struggles to adhere to it production limits. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Iraq’s decision to comply with OPEC+ agreement is good and sound and we are committed to it until its expiry,” Ali Allawi said in a televised press conference June 7. “But we want also to have new future rules in order to distribute this burden on countries, taking into consideration economic conditions of these countries and living standards when these amounts of cuts are implemented.” Allawi, who used to be acting oil minister in the cabinet of Prime Minister Mustafa al-Kadhimi, blamed on […]