Will Iraq quit OPEC?

Blanche, Ed
July 2003
Middle East;Jul2003, Issue 336, p18
Iraq's position in the Organization of Petroleum Exporting Countries (OPEC) is in the balance following the American take over of the country. The U.S. conquest and occupation of Iraq has given America the control of one of the world's major oil producers, a country many believe has untapped reserves that could rival Saudi Arabia and Russia. U.S. control could also weaken the grip of OPEC on world oil markets. As the Americans help restore Iraq's oil industry, badly run down by 13 years of UN sanctions, the key question remains whether Iraq will remain in OPEC after resuming oil exports after the UN Security Council released it from 13 years of sanctions.


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