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Iraq committed to OPEC output deal to support prices - oil ministry
March 15, 2017 / 11:31 AM / 8 months ago

Iraq committed to OPEC output deal to support prices - oil ministry

BAGHDAD (Reuters) - Iraq remains committed to a global agreement by OPEC and non-OPEC producers to reduce oil supply to stabilise the market, the oil ministry’s spokesman said on Wednesday.

A worker rides a bicycle at Najaf oil refinery in Najaf, 160 km (99 miles) south of Baghdad, October 3, 2013. REUTERS/Ahmad Mousa

“Iraq is committed to OPEC’s decisions to reduce production to support prices and manage the oversupply in international markets,” Asim Jihad said.

Iraq’s total crude oil production fell to 4.566 million barrels per day last month, from 4.630 million bpd in January.

Meanwhile, total Iraqi oil exports, including from the northern Kurdish region, in February were 3.869 million bpd, Jihad said, without providing a figure for exports in January.

Reporting by Ahmed Rasheed; writing by Rania El Gamal; editing by Jason Neely

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