Iraq: Oil Minister, achieved production cut agreed with Opec

Iraq: Oil Minister, achieved production cut agreed with Opec

Editorial Staff
Share
Baghdad respected the cut of 210,000 barrels last November with the Organization. In August the level stood at 4.32 million barrels per day

Iraq managed to reach the agreed production threshold with other oil exporting countries, reaching 4.32 million barrels a day in August. Baghdad respected the cut of 210,000 barrels last November with Opec. Iraqi Minister of Oil, Jabbar al Luaibi, said in an interview with the Sputnik news agency during his visit to Moscow. "Iraq is respecting the Opec agreements and in fact we have reduced production even below the expected level," said Luaibi - Iraq has reduced its oil production by more than 210,000 barrels in August. Our production is about 4.32 million barrels a day."