Iraq is committed to respecting its reduced oil production quota as agreed with the Organization of the Petroleum Exporting Countries and other exporters, Oil Minister Jabar al-Luaibi told a news conference on Sunday in Baghdad.
OPEC ministers who met in Vienna on Friday said they may wait until January before deciding whether to extend output curbs meant to support prices beyond the first quarter of 2018.
OPEC members and other producers including Russia have cut production by about 1.8 million barrels per day (bpd) since the start of 2017, helping lift oil prices by 15 percent in the past three months.
OPEC and its allies have been considering extending the deal beyond the end of March 2018 when it is due to expire.
“We support the unity of OPEC and its consensus,” Luaibi said when asked about whether Iraq would support an extension to the production cuts.

Iraq committed to respecting its OPEC oil production quota

Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a news conference during his visit to the oil field of Zubair, in Basra, Iraq. (Reuters)
Reuters, Baghdad
Sunday 24 September 2017
Last Update: Wednesday, 20 May 2020 KSA 09:55 - GMT 06:55
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