Oil Ministry explains: freeze Iraq's production to be 4.775 million barrels 9.6
Oil Ministry explains: freeze Iraq's production to be 4.775 million barrels
Oil Ministry made clear that Iraq 's production in the event of the Organization member states agreement [OPEC] to freeze production will be 4.775 million barrels.
It is scheduled to hold members of the Organization of Petroleum Exporting Countries [OPEC] an informal meeting in Algeria on the sidelines of the International Energy Forum , which will be held between 26 and 28 September and is expected to seek through it to revive a global agreement to stabilize production levels.
He said ministry spokesman Assem Jihad He told all of Iraq [where] that "Iraq agreed to freeze its production in any agreement that OPEC amount of 4.775 million barrels, not the previously reported four million and 75 thousand barrels."
the oil Ministry, yesterday revealed the amount of production from Iraq of any possible agreement freeze crude production in OPEC.
and showed the ministry, said : "this figure includes all production from Iraq , including the Kurdistan region , and if he gets a freeze be on the basis of this amount , " indicated "We currently do not export all of this amount, and will be exporting Iraq 's 3.6 million barrels in the year next. "
and stressed" the need to differentiate between the production and export. "
the Saudi Arabia and Russia, have signed on Monday an agreement for cooperation in the oil market , including curbing production which caused the price rise strongly in the hope that the biggest hike was slapped works in the world together in order to address the glut of global supply of crude.
the Prime Minister said Haider al - Abadi, last week, that "Iraq is the second largest producer in OPEC after Saudi Arabia will support any decision to freeze oil production levels in order to strengthen prices , although oil minister , Abdul - Jabbar Laibi said before that the ministry wants to increase production.
in April Russia was ready to install the production with OPEC , but the talks collapsed after Saudi Arabia said it would not accept the agreement unless attended by Iran 's third - largest crude producer in OPEC.
Iran says it needs to regain market share lost during the years of Western sanctions which lifted in January after the nuclear deal.
but Iran, expressed last Friday, is ready to support any resolution that would restore the balance in the oil market, referring to OPEC 's quest to activate the freeze.