OPEC decided to keep the production table of crude oil to 30 million barrels for the next 6 months. That was during the meeting of the organization in the Austrian capital Vienna in June the 5th.
Mr. Adil Abd Al-Mahdi the minister of oil ensured that the Iraqi production is still in less than the average production. He said that the production was supposed to be 3.4 million barrels and 3.3 for the current year but we are far below that.
Mr. Abd Al-Mahdi said that we are approaching to 3.2 million barrels/ day within two or three months. He said also that Iraq is capable of producing 6 million barrels/ day within 2020.
Mr. Abd Al-Mahdi expected that the oil prices might elevate to 75$ / barrel and the demand increases within the end of 2015.
Mr. Abd Al-Mahdi met during the meeting of OPEC with the Algerian minister of energy Mr. Salih Khabri and discussed with him about many common concern issues. He participated also in the 6th international scientific conference of OPEC with the international agency of energy and the international energy forum and the specialized companies & organizations. He met also with all the participants of the OPEC organization conference.