Urgent Iraq announces its position on OPEC decision and three important oil ministers visiting Baghdad[/rtl]
[rtl]Release date:: 9/12/2019 14:49 • 102 times read[/rtl]
Iraq announced its position on OPEC's decision to further reduce its production of crude oil.
Oil Minister Thamer Ghadhban said on Thursday Iraq would comply fully by October with OPEC-led oil production cuts and Baghdad would cut to 175,000 bpd.
He said the Organization of the Petroleum Exporting Countries (OPEC) and its allies, within the so-called OPEC + group, would have to accept and deal with the fact that Iran and Venezuela, whose exports have collapsed because of sanctions, would return to the oil markets "in a normal way."
He said energy ministers from Saudi Arabia, Russia and Kuwait were expected to visit Iraq on September 26
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