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Iraq 's economy shows its position on the future of reducing oil production[/size]
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Iraq 's economy shows its position on the future of reducing oil production[/size]
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Iraq's Oil Minister Jabbar al-Luaibi said on Tuesday it was too early to decide on what OPEC and its outside producers should do after March 2018 when the current cut-off agreement expires.
"It is too early to reach a conclusion or a decision seven months before March," the minister told an energy conference in the UAE. There are talks, dialogues and an exchange of views. "
He said some oil producers believe the deal should be extended for several months after March, while others want to extend the deal until the end of 2018, while some, including Iraq, believe there should be another round of production cuts.
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