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OPEC: No doubts about Iraq 'scommitment to cut production[/size]
Twilight News
one hour ago
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OPEC: No doubts about Iraq 'scommitment to cut production[/size]
Twilight News
one hour ago
Twilight News Secretary - General of the Organization of Petroleum Exporting Countries , Mohammed Barkindo / said Thursday he sees no reason to doubt Iraq 's commitment to its pledge to cut production.
Asked if there was the possibility of Iraq 's commitment to his pledge not to cut production, Barkindo said he met with Iraqi officials do not see any reason to doubt its full implementation cuts.
He added that he was confident in the form of a year that producers remain committed to the agreement between the Member States of the «OPEC» and independent producers, but it is too early to determine if there is a need to extend the agreement for more than six months.
Barkindo said that it was not «OPEC» at a specific target for the price of oil, but they want to ensure the continuity of expensive investments in the sector.
The Iraqi Oil Ministry said Tuesday it has reduced its production of 160 thousand barrels per day since the beginning of January (January) month, and that at the end of the month will decrease production of 210 thousand barrels per day.
Asked if there was the possibility of Iraq 's commitment to his pledge not to cut production, Barkindo said he met with Iraqi officials do not see any reason to doubt its full implementation cuts.
He added that he was confident in the form of a year that producers remain committed to the agreement between the Member States of the «OPEC» and independent producers, but it is too early to determine if there is a need to extend the agreement for more than six months.
Barkindo said that it was not «OPEC» at a specific target for the price of oil, but they want to ensure the continuity of expensive investments in the sector.
The Iraqi Oil Ministry said Tuesday it has reduced its production of 160 thousand barrels per day since the beginning of January (January) month, and that at the end of the month will decrease production of 210 thousand barrels per day.
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