World News

Nashaniva.com

25.06.2026 / 16:55

After UAE, Iraq considers leaving OPEC

Iraq could become the next country after the United Arab Emirates to leave the Organization of the Petroleum Exporting Countries (OPEC). High-ranking officials from the Iraqi oil ministry stated this possibility, writes Reuters.

Photo: AP Photo/Lisa Leutner

The main reason for Baghdad's dissatisfaction is the current oil production quota, which, according to Iraqi authorities, does not match the country's real capabilities. Currently, Iraq is allowed to produce about 4.4 million barrels of oil per day. Before the recent crisis in the Middle East, the country almost fully utilized this limit, but after supply disruptions through the Persian Gulf, production sharply declined.

Iraq's new Prime Minister, Ali al-Zeidi, stated that the country wants a review of its quota, taking into account its large oil reserves, production capacities, and population size. According to him, Iraq plans to increase production to seven million barrels per day in the coming years.

Oil sector representatives warn that if OPEC does not agree to significantly increase the quota, Baghdad will be forced to consider all possible options, including leaving the organization.

A similar situation already led to the withdrawal of the United Arab Emirates from OPEC. The Emirates also long disputed with Saudi Arabia over production limits. The country possessed significant spare capacity and could produce much more oil than its quota allowed. According to UAE authorities, this prevented them from generating additional revenue and financing important economic projects.

For Iraq, oil remains the main source of state revenue, so the issue of increasing production is of key importance for the country. If negotiations with OPEC do not yield the desired result, the organization may face another serious test of its unity and influence on the global oil market.

Верблюд

25.06.2026

Калі арабы былі бедныя, яны аб'ядналіся дзеля таго, каб "белы д'ябал" даў ім грошай.

Цяпер, калі грошай многа, яны пачалі ваяваць між сабой, весці проксі-войны па ўсім ісламскім свеце. І трэба ўсё больш грошай на гэта марнаваць.

Што ты не рабі, гэты "белы д'ябал" іх перайграе. Машалла.

Now reading

«It is described specifically in the context of the tasks of the so-called "SVO"». Zelenskyy was briefed on the development of military infrastructure in Belarus

Lukashenka ordered to allow Ukrainian mushroom pickers and berry gatherers into Belarus. Ukraine reacted 2 2

State Press Deleted the Text of Ambassador Dapkiunas' Rude Speech at the OSCE 3 3

A cafe in the style of the stagnation era opened near the Mound of Glory PHOTOS 4 4

Lukashenka called Ukrainian troops on the border with Belarus «tractor drivers and milkmaids» 9 9

The main reaction to Putin, Lavrov, Peskov in Russian Telegram has become a clown 7 7

"We need to agree substantially." Lukashenka spoke about a meeting with Zelenskyy's representatives 17 17

«Keep your Kyiv protégés under control». Belarusian representative to the OSCE delivered a rude speech 17 17

"We need to agree substantially." Lukashenka spoke about a meeting with Zelenskyy's representatives 17

Society17

"We need to agree substantially." Lukashenka spoke about a meeting with Zelenskyy's representatives

Lukashenka called Ukrainian troops on the border with Belarus «tractor drivers and milkmaids» 9 9

The main reaction to Putin, Lavrov, Peskov in Russian Telegram has become a clown 7 7

«Keep your Kyiv protégés under control». Belarusian representative to the OSCE delivered a rude speech 17 17

A Minsk legend was beaten in the metro — a woman who has been singing about Jesus for many years 53 53

A captured resident of Babruysk told how, after drinking with acquaintances in a sauna, he went to fight for Russia along with them 3 3

A captured resident of Babruysk told how, after drinking with acquaintances in a sauna, he went to fight for Russia along with them 3

Is this really edible? 10 Belarusian products that will surprise you 2 2

Is this really edible? 10 Belarusian products that will surprise you 2

Apple removed Odnoklassniki, Zen and almost all VK holding apps from the App Store 3 3

Apple removed Odnoklassniki, Zen and almost all VK holding apps from the App Store 3

Zelenskyy: Repeaters on Belarus Border Have Stopped Working 76 76

Zelenskyy: Repeaters on Belarus Border Have Stopped Working 76

Vasily Veremeychik likely had a heart attack 3 3

Vasily Veremeychik likely had a heart attack 3

NBA Draft Top-30 Pick Has a Belarusian Father: Grew up in Poverty, Sold Motorcycle for Son's Development 1 1

NBA Draft Top-30 Pick Has a Belarusian Father: Grew up in Poverty, Sold Motorcycle for Son's Development 1

It will become more difficult for Belarusians to find a job as a bus driver in the EU, and there will be fewer offers. Here's the problem 1 1

It will become more difficult for Belarusians to find a job as a bus driver in the EU, and there will be fewer offers. Here's the problem 1

"First he invented a threat, then he himself defeated it." Propaganda refutes Zelensky, claims that repeaters were not removed because they didn't exist 37 37

"First he invented a threat, then he himself defeated it." Propaganda refutes Zelensky, claims that repeaters were not removed because they didn't exist 37

"What they are doing, that is what corresponds to interests." Pazniak praised Lukashenka in the situation with Zelensky's ultimatum 153 153

"What they are doing, that is what corresponds to interests." Pazniak praised Lukashenka in the situation with Zelensky's ultimatum 153

«You can forget about working in China». Belarusian woman accused of racism in China over one ambiguous PHOTO 20 20

«You can forget about working in China». Belarusian woman accused of racism in China over one ambiguous PHOTO 20

Farmers whose farm with cows burned down to ashes last year cannot build a new one due to neighbor's resistance 3 3

Farmers whose farm with cows burned down to ashes last year cannot build a new one due to neighbor's resistance 3

"Got off the bus and refused the tour." Belarusians told how the border ruined their trip 18 18

"Got off the bus and refused the tour." Belarusians told how the border ruined their trip 18

Ukraine calls on the world to pay attention to military call-ups in Grodno region 30 30

Ukraine calls on the world to pay attention to military call-ups in Grodno region 30

Why Footballers at the World Cup Take to the Field in Holed Socks 5 5

Why Footballers at the World Cup Take to the Field in Holed Socks 5

Young Belarusian in Moscow Region Smashes Police Department Head's Lip 1 1

Young Belarusian in Moscow Region Smashes Police Department Head's Lip 1

What repeaters on the border does Ukraine mean? 114 114

What repeaters on the border does Ukraine mean? 114

In Vialikaja Miadzviadcy, the grave of Ignacy Domeyko's brother was found. See how the nearby church, which the world-renowned scientist visited, has been defaced 15 15

In Vialikaja Miadzviadcy, the grave of Ignacy Domeyko's brother was found. See how the nearby church, which the world-renowned scientist visited, has been defaced 15

Lukashenka might fly to this country during the period of Zelensky's ultimatum expiration 8 8

Lukashenka might fly to this country during the period of Zelensky's ultimatum expiration 8

"The country hasn't seen such elite housing." Secret Moscow-City-style skyscrapers to be built in Minsk 10 10

"The country hasn't seen such elite housing." Secret Moscow-City-style skyscrapers to be built in Minsk 10

Wife emotionally told her husband that five children are not his. He took a paternity test 34 34

Wife emotionally told her husband that five children are not his. He took a paternity test 34

All news →

Now reading

«It is described specifically in the context of the tasks of the so-called "SVO"». Zelenskyy was briefed on the development of military infrastructure in Belarus

Lukashenka ordered to allow Ukrainian mushroom pickers and berry gatherers into Belarus. Ukraine reacted 2

State Press Deleted the Text of Ambassador Dapkiunas' Rude Speech at the OSCE 3

A cafe in the style of the stagnation era opened near the Mound of Glory PHOTOS 4

Lukashenka called Ukrainian troops on the border with Belarus «tractor drivers and milkmaids» 9

The main reaction to Putin, Lavrov, Peskov in Russian Telegram has become a clown 7

"We need to agree substantially." Lukashenka spoke about a meeting with Zelenskyy's representatives 17

«Keep your Kyiv protégés under control». Belarusian representative to the OSCE delivered a rude speech 17