The Iraqi Oil Ministry signed two agreement amendments with U.S. Chevron to develop oil fields and enhance infrastructure.

Oil Minister Bassem Mohammed Khudair said that Iraq has a good relationship with OPEC and hopes to increase its quota, and within a year we will start implementing the oil pipeline through Syria, and we also seek to bypass exporting oil through Hormuz, according to Al-Sharq.

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He added that Iraq's presence under the umbrella of OPEC provides it with a 'safe economic cover' to sell oil at globally acceptable prices, adding that Baghdad supports the organization's policies, but will continue dialogue on increasing its quota in line with the government's ambition to raise production.