Iraq does not want any agreement to reduce OPEC production

by **Ponee** Sun Nov 20, 2016 9:40 am

senior government official said that Iraq Iraq does not want any agreement of the Organization of Petroleum Exporting Countries [OPEC] if it would reduce production because they need money to cover the expenses of the war against Daesh, services and salaries.

According to Reuters , the official , who described Palmqrb of Prime Minister Haider al - Abadi said that "for OPEC to recognize the fact that Iraq must remain away from any agreement on reducing production because it is in the midst of a difficult war and needs every dollar to stay afloat."

OPEC agreed members of the late September in Algiers to reduce the total oil production to between 32.5 million and 33 million barrels per day.

the total production of the organization at a record 33.64 million barrels a day in October.

he estimated Iraq 's oil production at 4.77 million barrels per day in October and says he again , the production will not be reduced to less than 4.7 million barrels a day, said Falah al - Amiri Representative of Iraq to OPEC and the head of state oil marketing company SOMO national] it will not happen for OPEC or the other. "

and make Iraq strenuous efforts to ensure that pay dues to oil companies quickly while giving oil Minister Jabbar Ali Allaibi priority to increasing production in the country.

she said Jessica Brewer , an analyst specializing in the exploration for oil in the Middle East affairs have Wood Mackenzie, based in the United Kingdom . "[Iraq] one of the countries of the region that do not have large foreign reserves , so it will want to continue to expand its revenues . "

she added that while all or most of the production of the Middle East members of OPEC under the administration of national oil companies , however , Iraq is one of the few countries that depend on international oil companies in the majority of production.

http://www.alliraqnews.com/modules/news/article.php?storyid=53003