Source: Iraq is ready to freeze production at January levels if an agreement is reach
Source: Iraq is ready to freeze production at January levels if an agreement is reached
Baghdad, Feb. 16 (Reuters) - The Iraqi Oil Ministry source said on Tuesday that Iraq is ready to commit to freeze oil production in January reached levels if producers inside and outside OPEC agreement.
The source added, "Iraq with any decision to participate in supporting oil prices."
Russia and Saudi Arabia agreed largest oil exporter in the world on Tuesday to freeze production levels, but they have said that the agreement conditional on the participation of other producers that may constitute a major obstacle in the absence of Iran from the talks and its insistence on raising production.