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[size=36]Oil Minister: OPEC + may discuss deepening production cuts on Thursday[/size]
Economy | 01:31 - 11/09/2019
BAGHDAD -
OPEC and its allies will discuss whether there is a need to deepen production cuts during a meeting of the Joint Ministerial Committee on Thursday.
"Decisions on production policy are collective decisions and Iraq does not want to take the decision alone," Ghadhban said, adding that he would meet Saudi and Russian energy ministers later on Wednesday.
He pointed out that "the previous OPEC meeting discussed the reduction of production by 1.6-1.8 million barrels per day, but because of the objection of some members have agreed to reduce it 1.2 million barrels per day."
Ghadhban also said that "the Kurdistan region of Iraq must respect its commitments on oil exports and its share in the federal budget."
He added that "supposed to deliver the Kurdistan Regional Government of Iraq 250 thousand barrels of oil per day to the federal government, but is not committed to it so far."
OPEC and its allies will discuss whether there is a need to deepen production cuts during a meeting of the Joint Ministerial Committee on Thursday.
"Decisions on production policy are collective decisions and Iraq does not want to take the decision alone," Ghadhban said, adding that he would meet Saudi and Russian energy ministers later on Wednesday.
He pointed out that "the previous OPEC meeting discussed the reduction of production by 1.6-1.8 million barrels per day, but because of the objection of some members have agreed to reduce it 1.2 million barrels per day."
Ghadhban also said that "the Kurdistan region of Iraq must respect its commitments on oil exports and its share in the federal budget."
He added that "supposed to deliver the Kurdistan Regional Government of Iraq 250 thousand barrels of oil per day to the federal government, but is not committed to it so far."
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