Iraq says will go with consensus at next OPEC meeting

28 Apr 2017   Iraq

Iraq will go with the consensus reached by OPEC when the oil exporter group meets in Vienna next month to discuss extending production cuts, the country’s oil minister said on Thursday. “Now we’re going on the 25th of May to OPEC and we’re definitely going to be in line with OPEC’s final decision and collective decisions,” Jabar al-Luaibi told a conference in Paris. Iraq, the second-largest producer in the Organization of the Petroleum Exporting Countries, was in full compliance with the OPEC-led supply pact reached last year and has achieved about 97 percent of its output reduction target, Luaibi said. “Iraq is fully committed and Iraq is in full compliance with OPEC members,” Luaibi said. He added that the OPEC-led cuts were […]

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