Iraq fully complies with its obligations under the OPEC+ deal

Iranian Oil Minister Ihsan Abdul Jabbar Ismail said the country fully fulfills its obligations under the OPEC + deal, Angi reports.

“The overall level of oil exports in the current month, October, remains at the level of 2.6 million barrels per day. It will remain at the same level following the OPEC+ deal. Iraq is fulfilling the current agreement to cut oil production and has reached the full volume of the reduction, determined within the country's share,” he said.

Also, according to him, the issue of further cuts in oil production after the completion of the OPEC+ deal "will be discussed with partners at future meetings."

To recap, Iraq violated its obligations on oil production volumes in July.

Earlier it was reported that Iraq and the UAE have developed plans to compensate for overproduction under the OPEC+ deal.

Tags: oil, foreign affairs, OPEC+, agreement, decline in production, economy

Read also

За 10 месяцев «Укртранснафта» протранспортировала более 13 млн тонн нефти
US may cede leadership in oil refining to China
The UAE plans to produce up to 5 million barrels of oil per day by 2030