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Al-Ghadban: The OPEC agreement will be implemented by Iraqi oil companies only
Economy News - Baghdad:
The Minister of Oil, Thamer Al-Ghadban, stressed that the reduction of oil production will be in the oil fields that are managed by Iraqi companies.
Al-Ghadhban said in a statement published by Russia Today and viewed by "Al-Iqtisad News", that the Russian companies "Lukoil" and "Gazprom Oil" will not reduce their production in their projects in Iraq under the OPEC + agreement.
He added that "the reduction will be in the oil fields that are managed by Iraqi companies ."
And the group "OPEC +" announced a new reduction in production of half a million barrels per day, in addition to the current reduction of 1.2 million barrels per day.
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