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Iraq Reassures OPEC They Will Abide to Resolution to Reduce Oil Production

The sources quoted Iraqi Oil Minister Jabbar al-Lu'aibi that Iraq abided "fully" with reduction resolution by achieving 97% of its share.

Baghdad/ Iraq TradeLink: Iraq is expected to be flexible on the reduction of oil production, but depends on the coming resolution of OPEC meeting in Vienna, A

 
ustria, next month, oil sources reported.

The sources quoted Iraqi Oil Minister Jabbar al-Lu'aibi that Iraq abided "fully" with reduction resolution by achieving 97% of its share.


It is expected that the oil producing countries will extend the reduction for other six months during their coming meeting in May, 2017.

Source: Iraq TradeLink

 

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