Oil Minister: Iraq reduce its production of 180,000 barrels per day
23.1.2017
15:57
[Oan- up]
Oil Minister Ali Jabbar Luaibi said on Monday that Iraq has reduced its production of crude oil by about 180 thousand barrels per day and plans to decrease the volume of 30 thousand barrels a day more before the end of this month .
Allaibi said to reporters at the effectiveness of the oil industry in London that "Iraq 's production before the cut was 4.75 million barrels per day
The Oil Ministry, expressed satisfaction with the commitment of States to OPEC 's agreement but it "does not see the need to extend the freeze OPEC crude output in accordance with the agreement and joined him in Iraq
The agreement , which was reached on the tenth of December , between producers from OPEC members and producers from the outside is the first of its kind since 2001, it was agreed to reduce production at a level of 32.5 million barrels a day and reach Iraq 's share of the reduction of 210,000 barrels came into effect since the beginning of this month https://www.alliraqnews.com/modules/n...?storyid=57120