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Iraqi Oil Exports Will Not Be Affected By OPEC Production Cut

OIL

Comments hitting wires from Iraq's Oil Minister regarding today's decision from OPEC+ to cut oil production by 2m bpd.

  • Iraq Oil Minister Ihsan Abdul Jabbar Ismail: "Iraq's oil exports will not be affected by OPEC+ decision."
  • "Iraq aims to maintain its benchmark production level which was set in agreement with OPEC member countries in July 2021."
  • "We hope that OPEC+ decision to cut production will contribute to world market stability and support crude prices."
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Comments hitting wires from Iraq's Oil Minister regarding today's decision from OPEC+ to cut oil production by 2m bpd.

  • Iraq Oil Minister Ihsan Abdul Jabbar Ismail: "Iraq's oil exports will not be affected by OPEC+ decision."
  • "Iraq aims to maintain its benchmark production level which was set in agreement with OPEC member countries in July 2021."
  • "We hope that OPEC+ decision to cut production will contribute to world market stability and support crude prices."