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Iraq Looks To Raise Revenue Of Barrel Of Oil

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Iraq’s oil ministry wants to raise the revenue of a barrel of oil in a way that works for both producers and consumers, it said in a statement on Wednesday.

  • The ministry also said it respects the OPEC+ agreement to achieve global market stability.
  • In October, Iraq produced 4.65mbpd of crude, in line with its quota under the OPEC+ agreement for October, SOMO data showed.
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Iraq’s oil ministry wants to raise the revenue of a barrel of oil in a way that works for both producers and consumers, it said in a statement on Wednesday.

  • The ministry also said it respects the OPEC+ agreement to achieve global market stability.
  • In October, Iraq produced 4.65mbpd of crude, in line with its quota under the OPEC+ agreement for October, SOMO data showed.