Iraq Reaffirms OPEC+ Cuts To Oil Production

(MENAFN- Iraq Business News) By John Lee.

Iraq's Minister of Oil has affirmed Iraq's commitment to the OPEC+ agreement and the extension of the voluntary cut in oil production that was approved in April for the year 2023.

Speaking at a press conference following the OPEC+ meeting in Vienna, Hayan Abdul-Ghani said Iraq will continue its voluntary reduction of 211,000 barrels per day (bpd) until the end of 2024.

Overall, the members agreed to adjust the level of overall crude oil production for OPEC and non-OPEC Participating Countries to 40.46 millioin bpd for 2024, with Iraq producing 4.431 million bpd.

full production table can be downloaded here.

(Sources: Ministry of Oil, OPEC)


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.