Today, Saturday, Oil Minister Ihsan Abdul-Jabbar affirmed Iraq's work on a vision that emphasizes the importance of finding a balance in the energy market, ahead of the new OPEC + meeting early next month to study market conditions.
Abdul-Jabbar said, in a statement to the official agency, followed by the “National News Center”: “Iraq is a major member of OPEC and we have worked repeatedly to find a balance in the energy market,” noting that “OPEC is working on the same level and we are monitoring the market and there will be a regular meeting with OPEC and its allies, and we will look at the balance of the energy market so that OPEC can make its own decisions.”
He added, "We do not have any expectation about whether the current monthly increase of 400,000 barrels per month will remain or not, as the member states will wait for market research reports that give a clear vision, and the decision will be based on what is provided by technical experts."
And OPEC + decided, during its meeting at the beginning of this month, to keep the monthly increase rate of 400,000 barrels in the month of December.
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