Iraq asks foreign oil companies to increase crude production, exports

File photo of a gas carrier at the Southern port of Umm Qasr, near Basra, Iraq. (AP)

Iraqi Oil Minister Jabar Ali al-Luaibi on Tuesday asked foreign oil companies to increase oil and natural gas production and exports in order to maximise the OPEC nation’s revenue, ministry spokesperson Asim Jihad told the news agency.

Luaibi, who took over the ministry earlier this month, held a meeting in Baghdad with oil companies operating in Iraq.

“The minister reaffirmed support for the operations of international companies in order to increase the production and export rates of crude oil and natural gas,” the spokesperson said.

Last Update: Wednesday, 20 May 2020 KSA 09:52 - GMT 06:52