"Iraq OPEC Quota not Needed for Few Years"

It will be four to five years before there is a need to reaccomodate Iraqi oil output within OPEC's oil production policy, OPEC Secretary-General Abdullah al-Badri said.

"When they reach the point that they have to be accommodated, maybe it will not be for 4 to 5 years from now,"Badri declared.

"At the end of the day Iraq is a founder member," Badri added. "I'm sure a solution will be found."

Badri was speaking at an oil conference. Iraq has targetted a sharp rise in its production after signing deals with international oil companies.- Upstream