Oil Minister: Iraq is ready to cooperate with OPEC to cut production
Oil Minister: Iraq is ready to cooperate with OPEC to cut production
2016/1/30 14:34
[Follow-up – where]
Oil Minister Adel Abdul Mahdi, Iraq is ready to accept the decision of OPEC and outside to cut crude production.
Said Abdul-Mahdi, on Saturday, in a press statement, he said that “Iraq will agree to cooperate if producers have expressed a desire already in cooperation to reduce production.”
He added that “oil exports from southern Iraq until Jan. 24 amounted to 3.324 million barrels per day while production amounted to about 3.7 million barrels per day.
“The Undersecretary of the Ministry of Oil Fayyad blessing, said Tuesday, the last for [where], that” Iraq is ready to understanding with the Organization of Petroleum Exporting Countries to cut its oil production in order to contribute to stop falling crude prices, which ranged at $ 30 a barrel, “referring to “Iraq does not want to pay the price cut output and if he got a deal to OPEC thus also subject understanding with them, but we are not willing sacrifice Iraq customers to feature the quality of its oil, which has markets in all countries of the world.”
And asked whether Iraq supports the reduction of quotas OPEC countries blessing “It’s is invited to review their quotas being out of the quota allocated to them either Iraq Fmltzm and works according to agreed upon in the Organization bases despite being a non-specific quotas.
“On the call for an emergency meeting of OPEC to review oil prices, said Undersecretary of the Iraqi Ministry of Oil that” any call lead to improved oil market We are with them.
“escalated last week, the pace of the mysterious senior oil officials OPEC and Russia for joint action to address the oversupply of crude oil statements is the worst in decades, while Saudi Arabia indicated its intention to leave the market to regain self-balance.
It also supported states and rejected other OPEC on the need for contract an emergency meeting.
A senior Iraqi oil official told Reuters on Monday on condition of anonymity that Iraq has continued to increase its production of oil production this year south of the country for up to four million barrels Aumia.anthy
alliraqnews.com
