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[size=36]Oil confirms the commitment of the region to deliver 250 thousand barrels to Baghdad[/size]
Economy | 07:38 - 02/12/2019
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BAGHDAD -
The Ministry of Oil, on Monday, the commitment of the Kurdistan region to deliver 250 thousand barrels, which will support the federal budget and achieve additional revenues were shortages cause imbalance in budget revenues.
"Iraq is committed to reducing oil production according to the decisions of the OPEC ministerial meeting and its allies," Oil Ministry spokesman Asim Jihad said in a statement seen by Mawazine News. "This reduction will restore balance to the oil market."
He pointed to "the existence of surplus oil countries to absorb, and this reflected on the balance and support prices in the world market," stressing "Iraq's commitment to reduce production according to the decisions of the OPEC ministerial meeting."
The Ministry of Oil, on Monday, the commitment of the Kurdistan region to deliver 250 thousand barrels, which will support the federal budget and achieve additional revenues were shortages cause imbalance in budget revenues.
"Iraq is committed to reducing oil production according to the decisions of the OPEC ministerial meeting and its allies," Oil Ministry spokesman Asim Jihad said in a statement seen by Mawazine News. "This reduction will restore balance to the oil market."
He pointed to "the existence of surplus oil countries to absorb, and this reflected on the balance and support prices in the world market," stressing "Iraq's commitment to reduce production according to the decisions of the OPEC ministerial meeting."
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