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[rtl]Iraq starts to cut its oil to 210 thousand barrels per day, according to OPEC's decision[/rtl]
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BAGHDAD / Sky Press[/rtl]
BAGHDAD / Sky Press[/rtl]
[rtl]Oil Minister Ali Jabbar Luaibi said Iraq has begun to reduce the national production of crude oil with the beginning of the new year 2017 procedures in line with the Organization of Petroleum Exporting Countries (OPEC) decision.[/rtl]
[rtl]The oil minister said, according to a ministry statement received by "Sky Press," that "Iraq reaffirms its commitment to OPEC's decision, which was adopted at the last meeting in Vienna by putting a deliberate plan to reduce output from the country's fields with the beginning of the new year and that Iraq deal wisely with this file."[/rtl]
[rtl]Among Allaibi that "Iraq has been working with producers inside and outside OPEC to control the oil supply glut in the world oil market and achieve the required balance between supply and demand and to support oil prices during the next phase."[/rtl]
[rtl]He emphasized, "The decision to cut oil production is to address the problem of low oil prices in the global market and will no longer be needed if the producers to achieve the goals."[/rtl]
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