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Shafaq News/ The Iraqi Oil Minister, Ihsan Abdul-Jabbar, expected on Saturday that the country's crude exports would rise during the first quarter of next year, stressing at the same time that OPEC is not seeking to raise or lower crude prices by increasing production.
Abdul-Jabbar told Shafaq News Agency, "During the first quarter of 2022, Iraqi exports will reach three million and 400 thousand barrels per day, which is our share in the oil market."
He added, "OPEC is not working to raise or lower oil prices by gradually increasing productivity, but rather works to achieve stability in the energy market."
And he indicated that "the current decision agreed upon in OPEC is a gradual increase of 400,000 barrels per day, and perhaps during the first quarter of 2022 there will be another discussion for the organization."
Abdul-Jabbar stressed that "Iraq is the second exporter of oil and is committed to the decisions issued by OPEC," adding that "Iraq is committed to decisions and exports and does not exceed its specified quota and does not request an exception to achieve stability in the energy market."
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Iraq expects its oil exports to rise in 2022
Shafaq News/ The Iraqi Oil Minister, Ihsan Abdul-Jabbar, expected on Saturday that the country's crude exports would rise during the first quarter of next year, stressing at the same time that OPEC is not seeking to raise or lower crude prices by increasing production.
Abdul-Jabbar told Shafaq News Agency, "During the first quarter of 2022, Iraqi exports will reach three million and 400 thousand barrels per day, which is our share in the oil market."
He added, "OPEC is not working to raise or lower oil prices by gradually increasing productivity, but rather works to achieve stability in the energy market."
And he indicated that "the current decision agreed upon in OPEC is a gradual increase of 400,000 barrels per day, and perhaps during the first quarter of 2022 there will be another discussion for the organization."
Abdul-Jabbar stressed that "Iraq is the second exporter of oil and is committed to the decisions issued by OPEC," adding that "Iraq is committed to decisions and exports and does not exceed its specified quota and does not request an exception to achieve stability in the energy market."
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