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Al-Allaibi: Next November will be a date for the decision of the possible extension of the agreement of OPEC and independents
economy Since 2017-09-01 at 12:58 (Baghdad time)
Baghdad Mawazine News
Oil Minister Jabbar al-Allaibi said on Friday that the decision to extend the world oil production agreement between OPEC and non-OPEC producers would be in November.
"Iraq will comply with the decision in the event of extension of the agreement led by OPEC to help bring stability to the oil market," said Allaibi, told reporters during a visit to Moscow, followed by "Mawazin News," noting that "the decision to extend the global oil production agreement between OPEC and non-member producers will be in November next. "
He added that "Iraq's oil production is currently 4.32 million barrels per day with exports of up to 3.23 million barrels per day," noting that "the Kurdish oil exports between 300 and 350 thousand barrels per day."
Al-Allaibi said that "agreed with the Russian oil giant" Lukoil "that the production of West Qurna 2 oil field 800 thousand barrels per day within three to five years.
The Minister of Oil, "Gazprom Oil, the arm of oil production for the Russian natural gas product, will reach production to 150 thousand barrels per day in the field of Badra in 2018."
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economy Since 2017-09-01 at 12:58 (Baghdad time)
Baghdad Mawazine News
Oil Minister Jabbar al-Allaibi said on Friday that the decision to extend the world oil production agreement between OPEC and non-OPEC producers would be in November.
"Iraq will comply with the decision in the event of extension of the agreement led by OPEC to help bring stability to the oil market," said Allaibi, told reporters during a visit to Moscow, followed by "Mawazin News," noting that "the decision to extend the global oil production agreement between OPEC and non-member producers will be in November next. "
He added that "Iraq's oil production is currently 4.32 million barrels per day with exports of up to 3.23 million barrels per day," noting that "the Kurdish oil exports between 300 and 350 thousand barrels per day."
Al-Allaibi said that "agreed with the Russian oil giant" Lukoil "that the production of West Qurna 2 oil field 800 thousand barrels per day within three to five years.
The Minister of Oil, "Gazprom Oil, the arm of oil production for the Russian natural gas product, will reach production to 150 thousand barrels per day in the field of Badra in 2018."
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