Iraq fully complies with OPEC's cut production agreement

19 Sep 2017 10:21 AM

The statements of the Iraqi Oil Minister were as follows:

  • Iraq has exceeded its share of production cuts.
  • Oil production currently stands at 4.32 million barrels per day.
  • It is too early to reach a conclusion on production reduction beyond March 2018.
  • Some producers want to extend the production reduction agreement until the end of 2018.
  • Some Iraqi producers think there should be another production cut.

Tags: Oil OPEC

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