Thamir al-Ghadban writes:
“In view of the country’s need for greater revenue to satisfy its people’s needs and its desire to improve the living conditions after the long years of deprivation; the lost capacity over the past three decades which benefited other producing countries many of which sit on hundreds of billions of dollars in sovereign funds; forecasts of future supply and demand and the expected decline in the output capacity of some member countries, I am of the opinion that we’re not facing an imminent problem with regard to Iraq’s efforts to regain its rightful place in OPEC. I think it’s more constructive to look at the bright side of Iraq becoming again a main contributor of oil supplies, and hopefully natural gas as well, to world markets in the near future and its contribution to market stability.”