News Summary: Iraq could shift OPEC landscape

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IRAQ RISING: Iraq’s expanding oil production could complicate OPEC’s efforts to influence world prices as the country re-emerges as a major player after 20 years on the sidelines.

NEW BALANCE: Analysts say Iraq’s new clout is shifting the power balance in the 12-member Organization of the Petroleum Exporting Countries and could force it to overhaul its intricate production quota system to accommodate Baghdad’s greater output.

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