OPEC: Iraq is committed to reducing production

The OPEC ministerial market monitoring committee and independent producers on Friday welcomed the commitment of Iraq, Libya and Nigeria to cooperate on cutting production, noting that the commitment to the agreement on cut production reached a record high.
The Joint Committee chaired by Kuwait’s Oil Minister and Minister of Electricity and Water Essam al-Marzouq welcomed the participation of Iraq, Libya and Nigeria in the work of the committee and reaffirmed its commitment to working closely with other producing countries to ensure the success of the declaration of cooperation on reducing production.
In a statement, the chairman of the OPEC Conference, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh expressed his solidarity with the Committee, reiterating the Kingdom’s commitment to supporting and making the declaration of cooperation a success.
The President of the Conference also reiterated the need for further work by States whose performance had not been commensurate with the level of their full commitment under the Agreement.
Recent data have confirmed that global oil demand growth in 2017 is better than expected while global demand for oil in 2018 is expected to be strong.

https://en.economiciraq.com/2017/09/2...ng-production/