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Fri Sep 13, 2019 11:53 am
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Iraq begins to reduce its oil production
Economy News - Baghdad
Iraq has confirmed its commitment to the agreement to reduce oil production in accordance with the agreement of the Organization of Petroleum Exporting Countries (OPEC), and it will begin during these days, especially next October to reduce production, which was forced to raise during the summer months.
"Iraq is committed to the agreement to reduce production, and the total production of Iraq will be less in the coming days than what was produced during the coming days Past months. "
He added that "Iraq was forced to raise production because of the summer months to increase domestic consumption to cover fuel for power plants."
Ghadhban said, `` Iraq will start to reduce production agreed in December 2018, as of these days, especially in October next, where will start the activities of refinery maintenance, in addition to low domestic consumption. ''
The Minister of Oil to "the existence of serious talks reached the advanced stages between the federal government and the regional government on the organization of production and export in the region and in coordination with the federal government, and we hope to reach a unified policies and plans, and this will help us to commit Iraq to its share as agreed in the agreement With OPEC countries and beyond, to reach full commitment. "
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