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[size=30]Parliamentary Oil: The increase in crude production in Iraq collides with the decisions of “OPEC +”
[ltr]2023.03.12 - 10:22[/ltr]
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[ltr]2023.03.12 - 10:22[/ltr]
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Baghdad - Nas
The Parliamentary Oil, Gas and Natural Resources Committee announced, on Sunday, that increasing Iraq’s production ceiling of crude collides with the decisions of (OPEC Plus), despite the possibility and plans to expand the production ceiling.
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Committee member Zainab al-Moussawi said in a statement to the official newspaper, followed by “Nass” (March 12, 2023), that “there is a possibility to increase the volume of oil production, but Iraq at the present time cannot proceed with that as a result of its commitment to the decisions of OPEC Plus.”
She added, "Iraq had previously prepared plans to increase production to 6 million barrels per day before 2027," noting that the country's average daily production before the (OPEC Plus) decision to reduce was 4.6 million barrels per day, but today it has been reduced by 220 thousand barrels. Daily".
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