BAGHDAD (Reuters) - Iraq said on Monday that a rise in its oil reserves figures would help it get a higher export quota from OPEC as it seeks to raise crude exports to reflect the increase.
“The new proved reserves figure will entrench Iraq’s position at OPEC and in the future help it get a higher export quota in OPEC,” Falah al-Amri, head of Iraq’s State Oil Marketing Organization, told reporters.
“Iraq has great potential to be able to export more in the future,” he added.
Speaking at the same news conference, Oil Minister Hussain al-Shahristani said Iraq also wanted OPEC to change the way it determines production quotas for its members to include Iraq, but added that the issue was not being discussed right now.
Reporting by Ahmed Rasheed, Writing by Maria Golovnina