Oil Minister Ihsan Abdul-Jabbar suggested that the price of crude will reach above $75 a barrel, while indicating that there is no political pressure regarding the conclusion of the Total contract.
"We expect the price of crude to reach above $75 a barrel," Abdul-Jabbar said to the "Tenth" program, which is shown on Al-Iraqiya News, followed by the "National News Center". "OPEC is trying to control the energy market positively."
He added, "There is no political pressure regarding the conclusion of the Total contract," noting that "the Total project does not include mortgaging Iraqi gas."
He pointed out that "the Total project will address all the problems in the oil industry in the country," stressing that "at the end of 2024, gas flaring in the southern fields will decrease by 90%."
He pointed out that "ExxonMobil's departure from Iraq was a strategic decision," explaining that "Basra is currently producing 3 million and 250 thousand barrels per day."
He pointed out that "all the top universities in government engineering have been appointed to the Ministry's staff."
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